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2 Aug 2021 17:28
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  •   Home > News > Rural

    Hopes Fonterra will streamline how farmers buy and sell units

    Hopes Fonterra will streamline how farmers buy and sell units


    Fonterra
    Fonterra
    The dairy co-op's halted trading on the New Zealand and Australian sharemarkets, as well as the Fonterra Shareholders' Market, until Friday.

    Fonterra says it'll give shareholders and unit holders a full day to consider options for streamlining its capital structure.

    The Farmers' Weekly's Hugh Stringleman says they want better processes for when retiring farmers want to sell their shares.

    He says it's become unwieldy and complicated and they've been asking for a simpler way of doing it.

    © 2021 Newstalk ZB, NZCity

     Other Rural News
     05 Jul: Changes to how Fonterra calculates the price of milk
     28 Jun: Fonterra has agreed to sell its two joint venture farms in China
     25 Jun: The group representing the country's dairy farmers is reassured to see additional funding delivered for flood-affected farmers in Canterbury
     16 Jun: Dairy prices have dropped 1.3 percent, at Fonterra's latest Global Dairy Trade auction overnight
     26 May: Fonterra farmers believe this season's milk price won't budge much from a new midpoint of seven dollars and 55 cents
     06 May: Dairy farmers have six months to decide on a capital restructure for Fonterra
     05 May: The country's largest company is about to make a major announcement on its capital structure
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