Fonterra Cooperative Group has tapped Robert Spurway to head up its global operations division in a newly created role as New Zealand’s dominant dairy exporter chases global ingredient sales to offset volatility in dairy prices. Spurway is currently with the company as acting director of New Zealand operations in NZ milk products and has previously worked across the Tasman for …

Hirepool, the equipment rental company controlled by Australian private equity firm Next Capital, has confirmed plans to go public with an initial public offering, said to be aimed at raising $250 million. The Auckland-based company said it expects to register a prospectus on June 16, with the issue price set by a bookbuild. On listing, Hirepool may have a market value …

MightyRiverPower’s proposed issue of up to $300 million of July 2044 bonds has been rated BB+ and assessed as ‘intermediate equity’ by Standard & Poor’s, meaning the ratings company will classify 50 percent of the interest paid as dividends. The rating and classification come after S&P last year changed its criteria for assessing the equity content of hybrid instruments such …