Fonterra is in a trading halt pending the outcome of arbitration with French food giant Danone, which chased the New Zealand co-op for compensation in the wake of 2013's botulism scare.
Fonterra said today it had requested an immediate trading halt of its securities on the NZX and ASX to give the co-operative time to consider the outcome of its arbitration with French food group Danone regarding Fonterra's 2013 whey protein concentrate precautionary recall.
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. Fonterra will not be in a position to immediately assess any financial implications and advise the market," Fonterra said in a statement.
Fonterra chief executive Theo Spierings said the co-operative expected to make a market announcement in relation to the Danone arbitration decision "as soon as possible" after the decision is received.