Fonterra: Strategic Partnership Update
15 Jan 2015 --- Fonterra Co-operative Group advises that China’s Ministry of Commerce has now granted anti-trust and strategic foreign investment approval for the proposed partnership with leading Chinese infant food manufacturer Beingmate.
Further regulatory approvals are required before Fonterra proceeds to the next stage which is a Partial Tender Offer to gain up to 20% of Beingmate.
Fonterra will provide further updates as the partnership progresses.
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