As Foreign Milk Investments Sour, Fonterra Heads For Home Pastures – eDairyNews
New Zealand |8 octubre, 2020

Fonterra | As Foreign Milk Investments Sour, Fonterra Heads For Home Pastures

Fonterra is trying to reduce debt and to put less emphasis on overseas ventures, including its former expansion in China.

Inner Mongolia Natural Dairy Co., Ltd., a subsidiary of China Youran Dairy Group Ltd., has agreed to purchase Fonterra’s two farming-hubs in Ying and Yutian for NZ$513 million.

Additionally, Fonterra is selling 85% interest in its Hangu farm to Beijing Sanyuan Venture Capital Co., Ltd., for NZ$42 million. Before the purchase, Sunyuan owned a 15% minority share in the farm.

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