Fonterra Deepens NZ-Chinese Links With Baby Formula Partnership

Fonterra Cooperative Group Ltd. (FCG), the world’s biggest dairy exporter, said it will pay NZ$615 million ($515 million) for a stake in a Chinese infant formula maker as it seeks to tap the nation’s lucrative baby milk market. The New Zealand company will buy a stake of as much as 20 percent in…

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Fonterra Deepens NZ-Chinese Links With Baby Formula Partnership

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