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.
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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