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6 Dec 2019 16:04
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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.

    © 2019 Newstalk ZB, NZCity


     Other Rural News
     04 Dec: Dairy prices have fallen for the first time in three months
     20 Nov: Global dairy prices have risen 1.7 percent at Fonterra's latest overnight auction
     15 Nov: Fonterra's human resources manager has resigned after less than a year in the job
     06 Nov: Global dairy prices have risen 3.7-percent at Fonterra's latest overnight auction
     22 Oct: Good news for farmers from Fonterra this morning
     18 Oct: Trouble at Fonterra, but not of the financial kind this time
     17 Oct: Emergency services are trying to establish what caused a chemical explosion at a Fonterra plant north of Whangarei
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