Tag Archives: Fonterra

China Investment Corp – is in talks with New Zealand dairy giant Fonterra Co-Operative Group about investing in its shareholder fund  – according to the Wall St Journal. The WSJ reported today that CIC, which manages a chunk of China’s massive foreign-exchange reserves, is considering investing in the Fonterra non-voting units later this month with its initial investment expected to …

BusinessDesk  The Fonterra Shareholders’ Fund will raise as much as $525 million selling shares in an indicative price range of $4.60 to $5.50 apiece, giving outside investors exposure to up to 7 percent of the dairy cooperative’s equity, offer documents show. The final price will be set by a bookbuild among institutions and NZX firms on about Nov. 27. Fonterra …

Comment  Is Fonterra’s Sir Henry van der Heyden staying on past his use-by date as the dairy co-operative’s chairman to protect chairman-elect John Wilson from a boardroom coup? That question was doing the rounds even before Fonterra confirmed on September 27 that van der Heyden would not step down from the board as expected this December when he hands over …

BusinessDesk  One of Australia’s biggest supermarket chains has dropped New Zealand’s Mainland cheese brand much to the chagrin of its loyal customers, but Mainland’s owner Fonterra Cooperative Group is still smiling after its Aussie-made Bega brand remains a Coles Supermarkets favourite. Two months after withdrawing Mainland from its cheese lineup in August, Coles has been forced to explain the move …

By Steve Hart Speaking at the inaugural China Business Summit, Theo Spierings, CEO of Fonterra – the world’s biggest dairy exporter – said a number of “megatrends” are starting to emerge in China. Global household incomes are forecast to rise by 50% between now and 2015; 350 million more people will live in cities; 50,000 new skyscrapers will be built, housing the population of …

Fonterra’s top brass emerged from their Monday board meeting claiming a clear mandate to proceed with the controversial trading among farmers (TAF) scheme. It’s going to take a lot of work to rebuild trust between the Fonterra board and management, and many of their farmer shareholders if TAF is to be bedded down without more public brawling. A week before …