News | Business
19 Jun 2021 18:38
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • 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

    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

     Other Business News
     19 Jun: Exporters are pinning their hopes on a free trade deal with the UK to be done and dusted by August
     19 Jun: Kiwi households are throwing away two point four billion dollars of food waste every year
     18 Jun: The Auckland Tuatara will miss a second straight Australian Baseball League season, citing ongoing uncertainty around Covid-19
     18 Jun: A report into our managed isolation hotels has found health resourcing is under pressure
     18 Jun: The mayor of the country's biggest city doesn't believe the changes proposed for the country's water operations, would work for Auckland
     18 Jun: More money looks to be needed to get Wellington's Town Hall re-opened
     17 Jun: Businesses impacted by CRL construction are at the end of their tether
     Top Stories

    RUGBY RUGBY
    The depleted All Blacks midfield stocks have suffered another hit More...


    BUSINESS BUSINESS
    Exporters are pinning their hopes on a free trade deal with the UK to be done and dusted by August More...



     Today's News

    Golf:
    US Open led by Richard Bland and Russell Henley at halfway on 5-under, four Australians make the cut 18:16

    Entertainment:
    The Duke of Edinburgh’s death left a “giant-sized hole” in the lives of the British royal family, the Countess of Wessex has revealed 18:11

    Law and Order:
    Calls for information following a serious attack on a man in Wellington CBD overnight last night 18:06

    Entertainment:
    Iggy Azalea is thrilled fans can now see she wasn't "talking s***" about her new fragrance 17:41

    Netball:
    A homecoming of sorts for Stars midcourter Gina Crampton 17:26

    Entertainment:
    Kevin Hart thinks he's a "cool dad" 17:11

    Rugby League:
    The Warriors want to settle into their combinations early against the Knights in Newcastle 16:56

    Entertainment:
    Roman Kemp insists men shouldn't be afraid to talk about their mental health 16:41

    Environment:
    South Auckland residents now have to rebuild after a tornado blew through the area 16:36

    Entertainment:
    Reese Witherspoon is determined to make entertaining content "without exploiting women" 16:11


     News Search






    Power Search


    © 2021 New Zealand City Ltd