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7 Jul 2020 11:20
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  •   Home > News > Rural

    Fonterra's expected to put another piece of its silverware up for sale today, as it announces its interim results

    Fonterra's expected to put another piece of its silverware up for sale today, as it announces its interim results


    Fonterra
    Fonterra
    The dairy giant is facing a torrid time trying to sort out its balance sheet.

    It's likely today to announce the sale of another one of its assets.

    The company's said it's having trouble in South America and Australia - indicating those could be areas it looks to dip out of.

    Tip Top is already for sale and Fonterra's reviewing its investment in Beingmate as the company tries to cut its debt by 800 million dollars.

    © 2020 Newstalk ZB, NZCity


     Other Rural News
     26 Jun: Manawatu dairy farmer Andrew Hoggard is the new president of Federated Farmers
     26 Jun: Former Zespri chairman Peter McBride will lead the boardroom of the country's largest company
     26 Jun: Fonterra is replacing its retiring chairman John Monaghan with Tauranga dairy farmer and kiwifruit grower Peter McBride
     24 Jun: The global demand for sheep milk is growing, and Kiwi farmers are responding
     23 Jun: Fonterra farmers who produce sustainable, high quality milk will soon be eligible for a new payment of up to 10 cents per kg of milksolids
     15 Jun: Dairy farmers aren't overly optimistic that a wide ranging milk payout will be narrowed
     03 Jun: Dairy farmers have agreed to again bankroll their industry organisation
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