Displaying items by tag: DIRA

A group of independent milk processors are accusing the Government of favouring Fonterra.

Fonterra says additional measures are not required to reduce the co-operative's discretion in a setting the milk price.

Fonterra's bid to gain parliamentary approval for its new capital structure is fiercely opposed by rival milk processors.

Fonterra's new capital structure is likely to sail through the parliamentary process without any major changes.

The Government is aiming to address a number of risks created by Fonterra's capital restructure.

The Government has announced its intentions to amend the Dairy Industry Restructuring Act (DIRA) to support Fonterra’s capital restructure.

Fonterra's planned capital restructure could see the co-operative's share price slump to $2/share - shaving $4 billion off the shareholders' balance sheet.

Fonterra says it's getting positive signals from the Government on regulatory changes needed to facilitate its new capital structure.

Fonterra says a revamped Dairy Industry Restructuring Act (DIRA) creates “a more level playing field”.

Miraka chief executive, Richard Wyeth says the company was disappointed at the way the Dairy Industry Restructuring Act Bill (DIRA) was rushed through Parliament recently.