New Zealand Fonterra intends to revise capital restructuring proposal Reuters


© Reuters. File photo: Fonterra milk tanker drove past cows when it arrived at Fonterra’s Tilapa factory near Hamilton, New Zealand on August 6, 2013. REUTERS/Nigel Marple/File Photo/File Photo

(Reuters)-Fonterra Cooperative Group Co., Ltd. said on Monday that after completing the first phase of negotiations with farmers’ shareholders, the dairy company proposed a revised capital structure reform proposal in May.

The world’s largest exporter of dairy products said it is considering some changes, including adjusting the minimum shareholding ratio of farmers to 33% of milk supply, instead of the originally proposed 25%.

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