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10 Aug 2022 19:15
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  •   Home > News > Business

    Fonterra is buying back 50 million dollars' worth of its own shares

    Fonterra is buying back 50 million dollars' worth of its own shares


    Fonterra
    Fonterra
    It says the prevailing price has undervalued Fonterra shares, particularly since late April.

    Chief Executive Miles Hurrell says this move has a double goal.

    He says the level they're starting to see now is a good opportunity to create value for all shareholders, but the move also signals their confidence in where the organisation is going.

    © 2022 Newstalk ZB, NZCity

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