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Wednesday, 14 March 2018 12:56

Milk is biggest

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A2 Milk company may not be as well known as Fonterra but it can now claim title to being New Zealand’s biggest listed company (by market capitalisation).

A2 Milk shares last week jumped to $12.56, valuing a2 Company at $9.1 billion, toppling Auckland International Airport at $7.75b, Fisher & Paykel Healthcare at $7.37b and Meridian Energy at $7.29b.

Fonterra, which has a market capitalisation of $9.5b on NZX despite not being a public company, recently joined forces with a2 to process and market infant formula and other products.

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