Fonterra makes big investment in Chinese dairy firm

12/2/2005 | CNN

New Zealand's Fonterra Co-operative Group Ltd. has agreed to purchase a 43% stake in China's largest milk producer with an eye toward expanding distribution of Fonterra brands there. "We have a cultural affinity, farmers talking to farmers. San Lu had the best fit in terms of our objectives," said Fonterra Chief Financial Officer Guy Cowan.

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