New Zealand dairy giant Fonterra is reviewing the options for capital restructure once again with the boards preferred option of splitting the business now “parked”, it is reported.
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Last month, unease among Fonterra’s farmer members led to the company postponing its plan for a vote on splitting the co-operative in two and floating its business operations as a separate company.
Chairman Henry van der Heyden said the board would go back and review all other options and was open to any alternatives farmers felt had not been considered, said the New Zealand Herald.
“The preferred option’s been parked,” van der Heyden said. “We’ve got to go back and review everything.”
According to the Herald, Fonterra shareholders’ council chairman Blue Read said there was a sense of relief that the company was not trying to push through with the preferred option and was prepared to listen.
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