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.
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
Want to read more? It's easy.
Choose your best value subscription option
Individual
Group membership
NBR Marketplace
Yearly Premium Online Subscription
NZ$499.00 / yearly
Monthly Premium Online Subscription
NZ$44.95 / monthly
Smartphone Only Subscription
NZ$24.95 / monthly
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Already have an account? Login
Duncan Bridgeman
Thu, 12 Feb 2015
Thu, 12 Feb 2015
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Currency twist to Fonterra’s Beingmate offer
45096