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General Business
3 mins to read
1

Former Fonterra supplier Waitonui Holdings owed over $43.5m

Dairy giant Waitonui Holdings, once valued over $125m, collapsed under massive debts, pushing it into receivership.

Waitonui Holdings owed over $43.5 million when it went into receivership.

Liam Rātana Fri, 10 May 2024

It has been revealed dairy farm operator Waitonui Holdings owed more than $43.5 million when it went into receivership.

A recently released High Court judgment from Justice Pheroze Jagose dated May 3, 2024, showed the company owed banker BNZ a total of $36.5m when placed into receivership. A further

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Liam Rātana Fri, 10 May 2024
Contact the Writer: liam@nbr.co.nz
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Tags
receivership dairy industry business debt Livestock farming Fonterra financial crisis corporate governance agriculture
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Former Fonterra supplier Waitonui Holdings owed over $43.5m
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