Fonterra Co-operative Group Ltd plan to redeem the shares on 50 million dollars for the purpose of increase of their cost

Fonterra Co-operative Group Ltd will spend to 50 million dollars for repayment of the actions within the next year to support their cost. The dairy cooperative declared that plans to acquire to 77 million shares that will make to 5% of the issued stocks. It is expected that 12-month repayment in the market will begin at the end of August, reports The DairyNews with reference to Stuff portal. This announcement from Fonterra Co-operative Group Ltd follows similar repayment on 50 million dollars last year when the cooperative declared that actions were underestimated, and it was reflected in farmer balances. "A main objective of the return repayment - increase...