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    • Fight for Fonterra milk money in failed dairy company
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    Fight for Fonterra milk money in failed dairy company

    Pabio Posted on

    Following the collapse of Waitonui Milltrust, a UK fund manager is challenging beneficiaries’ entitlement to draft payments.

    The Waitonui Milltrust Group operated dairy farms around Taupō and Oamaru.

    A High Court ruling has exposed a row over Fonterra milk payments as receivers and foreign investors seek to reclaim bankrupt Waitonui dairy group Milltrust.

    A major investor in the Waitonui Group, which collapsed in April over debts of $35 million to BNZ and $31 million to livestock lender StockCo, was the United Kingdom.

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    Pabio
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