New Zealand dairy giant Fonterra to divest China farms for $368m

New Zealand dairy giant Fonterra to divest China farms for $368m

New Zealand dairy giant Fonterra has agreed to divest its farms in China for a total of NZD555 million ($368 million) in two separate deals. Fonterra said that it had successfully developed the farms alongside domestic partners. According to Fonterra CEO Miles Hurrell, the sale of the farms will enable the company to prioritize the […]