Fonterra, Sharesies join to make share trading easier
Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.
Last week, owners of a planned greenfield dairy plant in Otorohanga went into voluntary administration after struggling for years to secure capital.
The project rattled farmers in the area, who mostly supply Fonterra. The co-op was bracing to lose suppliers to Happy Valley.
Some Fonterra farmers had made public submissions opposing consent applications lodged by Happy Valley.
