30 Jun 2021 --- The sale of Fonterra’s two joint venture (JV) farms in China is expected to be completed today. The farms in Shandong province are being sold to Singapore-based AustAsia Investment Holdings for NZ$88 million (US$115.5 million) in total asset sale proceeds, which includes cash on completion. New Zealand heavyweight Fonterra currently owns the farms with an unnamed JV partner and has a 51 percent stake in the business.
