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23 Apr 2024 19:25
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  •   Home > News > Business

    Fonterra has completed the sale of two farming hubs in China for more than 550 million dollars

    Fonterra has completed the sale of two farming hubs in China for more than 550 million dollars


    Fonterra
    Fonterra
    In October, the dairy giant announced the sales to the Inner Mongolia Youran Dairy Company, which has since got anti-trust and regulatory clearance in China.

    CEO Miles Hurrell says the the farms helped China develop its dairy industry.

    He says company's strategy is now focusing on its Foodservice, Consumer and Ingredients businesses in China.

    The co-op is continuing with the sale of its 85 percent stake in its Hangu farm, to a minority shareholder.

    © 2024 Newstalk ZB, NZCity

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     Today's News

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    Business:
    Ryman Healthcare CEO - Richard Umbers - has resigned, a month out from the firm's full year result 18:57

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    Rugby League:
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    Entertainment:
    Kate Beckinsale can't bear to take down her Christmas trees as she decorated them with her late stepdad 18:03

    Rugby:
    Former New Zealand league, union and sevens representative Honey Hireme-Smiler believes there'll soon be women's athletes playing Super Rugby Aupiki and NRLW in the same year 17:37

    Entertainment:
    Dua Lipa feels "very close" to people living in war zones 17:33

    Auckland:
    Police have confirmed a child has died after a crash on a driveway in Waiuku, south of Auckland 17:27


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