Fonterra announces sale of two JV farms in China to AustAsia for $115.5m
New Zealand dairy giant Fonterra said that its two joint venture (JV) farms in China are being sold to Singapore-based AustAsia Investment Holdings for a price of $115.5 million. The sale is anticipated to be wrapped up by the end of this month. It is unconditional and doesn’t need any further regulatory approvals. The two […]