Fonterra brushes off Beingmate’s financial woes
Last time Fonterra got into trouble in China it had to write off a $200 million investment in Sanlu, following a poisoned milk scandal.
Nothing to see here, move right along.
That’s the attitude of Fonterra [NZX: FSF] chief financial officer Lukas Paravicini when asked about the dairy giant’s Chinese partner’s dramatic profit downgrade.
Shenzhen-listed Beingmate – which is almost 20% owned by Fonterra – last week revealed it was
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Jason Walls
Fri, 29 Jul 2016
Fri, 29 Jul 2016
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Fonterra brushes off Beingmate’s financial woes
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