Fonterra sells China farms
Proceeds of $555m to be used for paying down debt.
NBR staff
Mon, 05 Oct 2020
Dairy giant Fonterra has announced the sale of its loss-making China Farms operation for $555 million.
Cash proceeds will be used to pay down debt.
The dairy co-op started farming in China in 2007 and, in deciding to review the strategy last year, said it had invested $1 billion to
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NBR staff
Mon, 05 Oct 2020
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