Fonterra milks investors to support farmers
Forsyth Barr analyst James Bascand is questioning whether the lending will end there.
Fonterra [NZX: FCG] is milking its unitholders to support its farmer shareholders by providing farmers with a $430 million interest-free loan, Forsyth Barr analyst James Bascand says.
And the loan is effectively perpetual because it will only be repayable when the farm gate milk price rises above
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Jenny Ruth
Tue, 11 Aug 2015
Tue, 11 Aug 2015
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