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14 Nov 2019 19:42
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  •   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.

    © 2019 Newstalk ZB, NZCity


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     Today's News

    Entertainment:
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    Rugby:
    2015 Rugby World Cup star Nehe Milner-Skudder might never arrive in Toulon to take up a three year contract 18:57

    International:
    Hello from Earth: The story of Australia's first interstellar message 18:47

    Entertainment:
    Dolly Parton has lots of tiny tattoos hidden on her body 18:44

    Basketball:
    The Tall Ferns know they must win their opening game tonight at the Olympic Pre-Qualifying Series in Auckland 18:37

    Entertainment:
    Selena Gomez has had to "learn" forgiveness 18:14

    Accident and Emergency:
    State Highway Six near Murchison is staying closed overnight and all tomorrow after a a falling boulder hit a vehicle about 2pm today 18:07

    Rugby League:
    Nathan Brown is joining the Warriors coaching staff 17:47

    Entertainment:
    The 'Gossip Girl' reboot will feature "non-white leads" and have "a lot of queer content" 17:44

    General:
    A case of job done for Timaru shooter Natalie Rooney 17:37


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