Craigs Investment Partners has been appointed to help Fonterra prepare for the launch of Trading Among Farmers (TAF) in November.
The financial services advisers were yesterday confirmed as the registered volume provider for the Fonterra Shareholders' Market.
The appointment represented another important TAF milestone, chief financial officer Jonathan Mason said.
"The registered volume provider will be a market maker in the Fonterra Shareholders' Market where farmer shareholders will be able to buy and sell among themselves.
"The role will include responsibility for creating a transparent market and ensuring there are sufficient buy and sell orders aimed at creating market depth so that prices don't fluctuate unduly," Mr Mason said in a statement.
Deutsche Bank/Craigs Investment Partners, UBS, and Goldman Sachs were also confirmed as the joint lead managers on TAF.
They would advise and assist in the development and launch of the Fonterra Shareholders Fund.
Initially, they would work to ensure the co-operative was ready to fulfil its corporate finance and financial reporting obligations under TAF.
After July, they would also be responsible for building understanding among farmer shareholders and investors who wanted to buy units in the fund, he said.
Fonterra yesterday announced $NZ100 million plans to develop two further large-scale dairy farms in the Hebei province of China.
Chief executive Theo Spierings made the announcement at the official opening of the co-operative's second farm in China.
Consumption in China was expected to double by 2020 and the country would be consuming more than 70 billion litres of milk a year by 2020, Mr Spierings said.