Fonterra shareholders watchdog vote needed on capital structure shakeup
13 May, 2021 05:40 AM
3 minutes to read
Fonterra, New Zealand s biggest business, plans a major capital structure rejig. Photo / File
The Fonterra Cooperative Council, which the Fonterra board needs on side to get its preferred capital restructure over the line this year, says it s yet to form a view of the proposal. The supporting vote of the council, advocate for the views of the big cooperative s 10,000 shareholders, sharemilkers, contract milkers and suppliers who don t have shares, will be one of three required by the Fonterra board to get its major change proposal passed in November.