Fonterra to proceed with sale of consumer brands
Fonterra Co-operative Group (ASX:FSF) is advancing its strategy to divest its global consumer businesses, including Fonterra Oceania and Fonterra Sri Lanka.
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The Fonterra Shareholders’ Fund provides investors an opportunity to invest in the performance of Fonterra Co-operative Group, a New Zealand based Co-operative.
The Fonterra Shareholders’ Fund (Fund) is a registered managed investment scheme under the Financial Markets Conduct Act 2013.
Units are listed on the NZX Main Board and on the ASX, and are able to be freely bought and sold in the same way as any other listed security.
Outside investors who are not allowed to hold shares in Fonterra are able to invest in units in the Fund which gives them access to economic rights (such as distributions and capital movements), similar to those of a share.
Fonterra Co-operative Group (ASX:FSF) is advancing its strategy to divest its global consumer businesses, including Fonterra Oceania and Fonterra Sri Lanka.
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Very different news has emerged from two of New Zealand’s dairy majors, Synlait (ASX:SM1) and Fonterra (ASX:FSF).
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Fonterra (ASX:FSF), the huge New Zealand-based dairy giant, might be on the retreat globally with a string of asset sales, but as far as the immediate outlook is concerned, it's quite upbeat.
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Fonterra (ASX:FSF), the large Kiwi dairy group, wants out.
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New Zealand's Fonterra Co-operative Group and its farmers and cows have had a great six months to the end of last December with a 23% lift in earnings..
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Fonterra (ASX:FSF), the world's largest producer and exporter of dairy products, has increased its earnings forecast and expected payments to New Zealand farmer customers in response to rising global prices.
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Some news wafted across the Tasman on Thursday from a couple of our ASX-listed Kiwi siblings, insurance group Tower and dairy major Fonterra.
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Thursday's ASX trading session turned out to be a busy one for trans-Tasman stocks, with Downer EDI, Fonterra and Air New Zealand each making headlines.
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The world’s biggest dairy company, New Zealand’s Fonterra, will keep its Australian operations, deciding not to sell after having them on the market for the best part of a year.
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Firmer global milk prices mean dairy farmers and consumers in NZ and Australia will have to learn to tolerate higher prices for dairy products, just as they are elsewhere.
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