Fonterra proposes new capital structure to expand domestic market share

  • 9/23/2021
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Range of shareholding requirement to be expanded Company plans to return NZ$1 billion to shareholders by FY24 Mulls IPO option for Australian operations FY21 profit up 54%; final dividend 15 NZ cents per share - New Zealand"s Fonterra Co-operative Group (FSF.NZ), (FCG.NZ) on Thursday proposed a capital structure that makes it easier for new farmers to enter the co-operative, taking forward its strategy to claw back it domestic market share. Reporting by Sameer Manekar and Arundhati Dutta in Bengaluru; Editing by Vinay Dwivedi

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