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Ownership change for global dairy trading completed

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Ownership change for global dairy trading completed

The Global Dairy Trade marketing platform has three equivalent owners instead of one.

The trading platform was created and owned by the New Zealand-based Fonterra Cooperative Group, but maintained separately from the milk production cooperative business. In February, GDT announced plans to split ownership equally with the New Zealand Stock Exchange and the European Energy Exchange.New ownership begins Thursday, June 30thth The plan is now approved by all three boards and government regulators.

Chief Financial Officer Marc Rivers said this is an important milestone for Fonterra and dairy participants worldwide, while at the same time showing its presence in more dairy producing regions and encouraging participation in GDT events. I am saying.

By selling two-thirds of the ownership of Global Dairy Trade, Fonterra was worth NZ $ 35 million, or US $ 21.7 million.



Ownership change for global dairy trading completed

https://brownfieldagnews.com/news/global-dairy-trade-ownership-changes-completed/ Ownership change for global dairy trading completed

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