NZ's Fonterra to divest stake in two China farms for $62m

NZ's Fonterra to divest stake in two China farms for $62m

Auckland, New Zealand. Photo by Dan Freeman on Unsplash

Fonterra Co-Operative Group Ltd said on Monday it will sell its stakes in two joint-venture farms in China‘s Shandong province to Singapore-based AustAsia Investment Holdings for NZ$88 million ($62 million).

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