Currency twist to Fonterra’s Beingmate offer
Since Fonterra first announced last August its intention to form a global partnership with Beingmate, the kiwi dollar has weakened almost 15% against the yuan.
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Fonterra [NZX: FCG] could end up paying more than $800 million for a 20% stake in Chinese infant formula manufacture Beingmate Baby & Child Food.
The company said today it had submitted an offer to the Shenzhen Stock Exchange and it expects to know the result of the tender bid on March
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Duncan Bridgeman
Thu, 12 Feb 2015
Thu, 12 Feb 2015
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Currency twist to Fonterra’s Beingmate offer
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