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25 May 2020 9:32
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      Home > News > Business

    Fonterra has agreed the sale of its 50-percent share in pharmaceutical company D-F-E Pharma

    Fonterra has agreed the sale of its 50-percent share in pharmaceutical company D-F-E Pharma


    Fonterra
    Fonterra
    The dairy cooperative says cash from the sale, along with proceeds from other asset sales like Tip Top, will provide more than one billion dollars for debt reduction.

    Fonterra is due to release its annual results tomorrow.

    © 2020 Newstalk ZB, NZCity


     Other Business News
     25 May: Changes to the building consent process have been a long time coming, in the eyes of master builders
     24 May: The boss of the Gold Coast Titans warns a second Brisbane team would have a massive impact on his club financially
     24 May: Tension is growing between the A-League and its players with a critical date fast approaching
     23 May: Rental car company Hertz has filed for bankruptcy, unable to withstand the COVID-19 pandemic that has crippled global travel
     23 May: The more than a century old car rental firm Hertz Global Holdings filed for bankruptcy protection after its business was decimated during the coronavirus pandemic and talks with creditors failed to result in much needed relief
     23 May: The impact on retailers from the Covid-19 lockdown is expected to be enormous
     23 May: The NRL have secured a significant win, with the referees' union dropping their threat of industrial action and the pocket official scrapped less than a week before the competition restarts
     Top Stories

    RUGBY RUGBY
    The professional playing days of former Crusaders and All Blacks halfback Andy Ellis could be drawing to a close More...

    BUSINESS BUSINESS
    Changes to the building consent process have been a long time coming, in the eyes of master builders More...


     Today's News

    		 Law and Order:
    Armed police have descended on a property in Hamilton, as part of a murder inquiry 9:27

     Accident and Emergency:
    A person has died after crashing their car near Rotorua 8:46

     Rugby:
    The professional playing days of former Crusaders and All Blacks halfback Andy Ellis could be drawing to a close 8:16

     Environment:
    A significant earthquake has hit the lower North Island this morning - and been felt across the country 8:06

     Business:
    Changes to the building consent process have been a long time coming, in the eyes of master builders 7:46

     Environment:
    Heavy rain will ease to showers across much of the country today 7:36

     Environment:
    The smelly and expensive business of trucking sewage sludge across Wellington, is coming to an end 7:26

     Boxing:
    Queenstown's currently leading on points as a contender to host boxer Joseph Parker's next fight 7:26

     Law and Order:
    Southland duck shooters caught without gun licences have had an opening weekend they'd rather forget 7:06

     Rugby League:
    News Talk ZB Sport - 4:36

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