Key changes to Fonterra capital structure
Fonterra’s board has presented a revised capital structure proposal, containing key changes sought by farmer shareholders.
The pool at Tangiteroria School had been empty since the local fire brigade used the water to combat a blaze that destroyed the Tangiteroria Sports Complex in January this year.
With the school unable to weather the cost of filling the pool from their bore and then treating the water with expensive chemicals and lacking rainwater in its tanks, the pool had sat empty all winter.
On November 6, Fonterra filled the pool with five truckloads of clean water, or roughly 160,000 litres. It took one truck most of a day, going back and forth from Tangiteroria and the Fonterra Kauri plant.
