Business
New Zealand’s Fonterra to sell China dairy farms for $368 mln to focus on home markets – Reuters
New Zealand’s Fonterra
By Reuters Staff
FILE PHOTO: A Fonterra milk tanker drives past dairy cows as it arrives at Fonterra’s Te Rapa plant near Hamilton, New Zealand, in this August 6, 2013 file photo. REUTERS/Nigel Marple/Files/File Photo
(Reuters) – New Zealand’s Fonterra FCG.NZFSF.NZ said on Monday it has agreed to sell its farms in China for a total of NZ$555 million ($367.97 million) as the dairy producer continues to focus on the domestic market and reduce debt.
The company unveiled plans last year to halt …
-
General22 hours agoOf saints and sinners | The Spectator Australia
-
General22 hours agoChina and Philippines trade blame over latest South China Sea clash
-
General23 hours agoSmall plane crashes into San Diego neighbourhood, setting homes and vehicles on fire
-
Noosa News13 hours agoTully Sugar Mill celebrates 100 years of cane harvesting amid floods and cyclones