Fonterra puts proposed Equity Partnership Trust


Fonterra Co-operative Group Limited has announced that it is putting on hold plans to develop an Equity Partnership Trust.

“This is a consequence of UBS deciding, for reasons unrelated to the Trust itself, to end its advisory role that began late last year, and volatility in dairy and equity markets,” said Chief Financial Officer Lukas Paravicini. “These two factors mean that it is appropriate to hit the pause button.