Welcome Guest.Log In|Create an Account
01/19/2019 SaturdayMy Account|My Order|My Wish List

Fonterra-Danone arbitration decision due

Fonterra has asked for a trading halt on its securities as it expects to find out the results of arbitration with Danone over the 2013 whey contamination scandal.

The request was made to the ASX, the NZX Main Board/Debt Market and the Fonterra Shareholders Market on Friday morning.

"Fonterra has been advised that it will receive the arbitration tribunal's decision today. The decision document is expected to be both lengthy and complex and neither party has been given advance notice of the tribunal's findings," it said in a statement.

It needed time to digest the arbitration outcome before assessing its financial implications.

French food giant Danone took Fonterra to court after it recalled some of its products in August 2013 when testing showed 38 tonnes of whey protein, which is used to make infant formula, could be contaminated with a botulism-causing bacteria.

Further testing showed the bacteria wasn't present and there was never a health risk.

KiwiPlus WeChat 
  • kiwiplus-qrcode.png
  • block2.png
0 items
Lucas Papaw Ointment 25g
Lucas Papaw Ointment 25g
Original: NZ$6.99
Price: NZ$5.99
Save: NZ$1.00
71 User Ordered
Join Now
Living Nature 100% Pure Manuka Oil 10ml
Living Nature 100% Pure Manuka Oil 10ml
Original: NZ$33.99
Price: NZ$29.99
Save: NZ$4.00
222 User Ordered
Join Now
Good Health Hi Cal 150 Capsules
Good Health Hi Cal 150 Capsules
Original: NZ$15.99
Price: NZ$14.60
Save: NZ$1.39
53 User Ordered
Join Now
Recent Delivered
  • Order #3780 have ship out via Courier Post. Tracking Number: SA802403208NZ
  • Order #3777 have ship out via Fastway Courier. Tracking Number: 4A0013767988
  • Order #3779 have ship out via Courier Post. Tracking Number: EG653764911NZ
  • Order #3776 have ship out via Fastway Courier. Tracking Number: 4A0013767987
  • Order #3740 have ship out via Courier Post. Tracking Number: SG284236689NZ
  • Order #3737 have ship out via Fastway Courier. Tracking Number: 4A0013767981