The business summary, share performance, financial summary and outlook, management overview, key ratio analysis and a key financial summary.
Fonterra Shareholders’ Fund Unit is a unit trust established to invest in the economic rights of shares in Fonterra Co-operative Group Limited. The unit holder can receive dividends but does not have any voting rights or any control over governance of Fonterra. Units are listed on the NZX Main Board and on ASX. They are able to be freely bought and sold, in the same way as any other listed security. Outside investors who are not allowed to hold shares in Fonterra, are able to invest in Units in the Fonterra Shareholders’ Fund. Fonterra Co-operative Group Limited is owned by 10,600 New Zealand farmers and is the world’s largest global milk processor and dairy exporter. Fonterra is ranked fourth by dairy product turnover behind Nestlé, Danone and Lactalis. The fund units were sold in an initial public offering in November 2012 at $5.50 per unit.
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