News | Business
27 Apr 2024 13:00
| outlook hotmail | yahoo mail | gmail | news | weather | finance | shopping | about nzcity | Search |
NZCity News
NZCity CalculatorReturn to NZCity
SEARCH 

  • Start Page
  • Personalise
    •    News
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

    •
      Home > News > Business

    Fonterra's bosses are wrestling with a major debt issue, as they look to shed more overseas interests

    Fonterra's bosses are wrestling with a major debt issue, as they look to shed more overseas interests


    Fonterra
    Fonterra
    The dairy giant is trying to wipe 800 million dollars of debt off its plate.

    Fonterra's CEO Miles Hurrell says he's reviewing the company's joint venture with Nestle in Brazil, and rethinking two farm hubs in China.

    Dairy industry analyst and economist Peter Fraser says the company owes about as much as its worth.

    He says it's a 7.4 billion dollar company, that's got 7.3 billion dollars of debt.

    © 2024 Newstalk ZB, NZCity

     Other Business News
     27 Apr: A popular yoghurt pouch with kiwi kids is being recalled over fears the products may contain black plastic
     27 Apr: Pressure's on the Government to deliver for people come Budget day
     26 Apr: Public sector cuts could be to blame for poor economic outlook
     26 Apr: Activity in the housing market is holding its own against the rising cost of borrowing
     26 Apr: The cruise-ship season success is being celebrated -- but there's concern next season could hit an iceberg
     25 Apr: Cheaper citrus fruit may be on the way for shoppers
     25 Apr: It's thought the cost-of-living crisis could bring a silver-lining to Kiwis student loans
     Top Stories

    RUGBY RUGBY
    The Chiefs are resigned to being without fullback Shaun Stevenson for at least a couple of weeks after he suffered a hamstring injury in the win over the Waratahs in Sydney More...

    BUSINESS BUSINESS
    A popular yoghurt pouch with kiwi kids is being recalled over fears the products may contain black plastic More...


     Today's News

    		 Accident and Emergency:
    Five people have been rescued, after getting lost on the Makarewa Falls track, in Southland's Hokonui Hills 12:27

     Golf:
    Danny Lee's hoping the birdies continue to flow in his second round at LIV Adelaide this afternoon 11:57

     Rugby:
    The Chiefs are resigned to being without fullback Shaun Stevenson for at least a couple of weeks after he suffered a hamstring injury in the win over the Waratahs in Sydney 11:37

     Health & Safety:
    King Charles to resume public-facing duties, but cancer treatment to continue 11:27

     Soccer:
    Leicester City have secured automatic promotion back into the English Premier League 11:17

     Motoring:
    Audi F1 have their first driver as Nico Hülkenberg joins Sauber 11:17

     Golf:
    Danny Lee's one shot off the lead in a share of second after the opening round at the LIV golf event in Adelaide 11:07

     Rugby:
    Former England rugby captain Owen Farrell will play for a World XV team coached by former All Blacks coach Ian Foster in June 10:27

     Soccer:
    Dutchman Arne Slot is set to become Liverpool's next manager 10:07

     Technology:
    Why it's getting harder to tell AI-generated images from the real deal online 10:07

     News Search




    Power Search

    © 2024 New Zealand City Ltd