News | Rural
29 Mar 2024 3:02
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  •   Home > News > Rural

    Dairy farmers have six months to decide on a capital restructure for Fonterra

    Dairy farmers have six months to decide on a capital restructure for Fonterra


    Fonterra
    Fonterra
    Options include buying back the Fonterra Shareholders' Fund, which has been capped in the meantime.

    The co-op's chief financial officer, Marc Rivers, says the board will get feedback from farmers around the country from next week.

    He says the aim is to decide on a preferred option that can be voted on at the Annual General Meeting in November.

    Any restructure would require 75 percent support from farmers and unit holders and need a law change.

    © 2024 Newstalk ZB, NZCity

     Other Rural News
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     13 Mar: Sheep and beef farmers are looking down the barrel of their worst year in 15 years
     07 Mar: Sheep and goat milk farmers are being left with few options as the sector grinds to a halt
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