Fonterra announces Beingmate selldown
Co-op fails to find a buyer for its 18.8% stake.
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Fonterra will begin the piecemeal sale of its shares in Chinese dairy company Beingmate after failing to find a buyer for the whole stake.
The dairy co-op's 18.8% holding had been under review after a series of losses hammered its value.
In a statement issued this morning, Fonterra chief
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Fonterra announces Beingmate selldown
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