13 Apr 2012

Fonterra names Craigs to smooth share trading

7:12 am on 13 April 2012

The market for cooperative shares is set to go live in November and will enable the cooperative's members to buy and sell among themselves.

Craigs' role will be to ensure a transparent market is created and that there will be enough shares to buy and sell, so prices don't fluctuate wildly.

Deutsche Bank, Craigs Investment Partners, UBS, and Goldman Sachs have also been appointed as joint lead managers, reponsible for ensuring the market meets its corporate finance and reporting obligations.