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Fonterra raises milk prices for NZ farmers, predicts strong earnings amid potential sale or IPO.
Dairy giant Fonterra has raised milk prices for New Zealand farmers and forecasts strong earnings, despite plans to sell or IPO its consumer brands.
The price hike and robust financial outlook, driven by high demand for dairy ingredients, are expected to have little impact on the company's sale plans.
Potential buyers like Lactalis, Bega, Danone, and Friesland Campina are showing interest.
Despite higher costs, Fonterra’s financial performance is robust, with analysts predicting a substantial dividend payout.
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Fonterra aumenta los precios de la leche para los agricultores de Nueva Zelanda, predice fuertes ganancias en medio de la venta potencial o IPO.