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Hot Topic Budget 25
Hot Topic Budget 25
General Business
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Fonterra backs off Australia IPO

Dairy co-op says decision will affect proposed $1b capital return.

Fonterra confirmed a record milk price for the 2021/22 season of $9.30 a kg of milk solids.

Tim Hunter Thu, 22 Sep 2022

Fonterra has pulled the plug on the float of its Australian business after a year of strategic review, saying it has decided to maintain full ownership.

The dairy co-op also said its proposed $1 billion capital return had included the expected proceeds from selling a stake in the Australian

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Tim Hunter Thu, 22 Sep 2022
Contact the Writer: thunter@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Fonterra backs off Australia IPO
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