Fonterra closing in on Chinese dairy deal

11/18/2005 | China Daily (Beijing)

New Zealand's Fonterra Co-operative Group is close to a deal with Shijiazhuang Sanlu Group. Fonterra, which already exports $200 million in dairy products to China annually, is expected to pay $37 million for a 40% stake in the Chinese dairy company. China's domestic dairy market grows at 10-20% every year.

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China Daily (Beijing)

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