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12 Aug 2022 23:38
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  •   Home > News > Rural

    Fonterra is buying back 50 million dollars' worth of its own shares

    Fonterra is buying back 50 million dollars' worth of its own shares


    Fonterra
    Fonterra
    It says the prevailing price has undervalued Fonterra shares, particularly since late April.

    Chief Executive Miles Hurrell says this move has a double goal.

    He says the level they're starting to see now is a good opportunity to create value for all shareholders, but the move also signals their confidence in where the organisation is going.

    © 2022 Newstalk ZB, NZCity

     Other Rural News
     24 Jun: Farmers says a stock control bylaw being proposed by the Tasman District Council, will be impossible for farmers to comply with
     23 Jun: Fonterra has lifted its Farmgate Milk Price to a new record high
     22 Jun: Dairy prices have dipped 1.3 percent at the latest Global Dairy Trade auction overnight
     17 Jun: Fertiliser co-operative Ballance say they are beginning to produce their own fertiliser
     08 Jun: Fonterra has announced a 50-million dollar share buyback
     08 Jun: Dairy prices have risen in the first Global Dairy Trade auction of the new season
     26 May: Fonterra's fired its opening shot for the 2022/23 season
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