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19 Jun 2021 0:18
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  •   Home > News > Business

    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.

    © 2021 Newstalk ZB, NZCity

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