Advertisement
New Zealand markets closed
  • NZX 50

    11,874.04
    +6.46 (+0.05%)
     
  • NZD/USD

    0.5942
    +0.0014 (+0.24%)
     
  • ALL ORDS

    7,849.40
    +17.50 (+0.22%)
     
  • OIL

    79.62
    +0.62 (+0.78%)
     
  • GOLD

    2,319.20
    +8.20 (+0.35%)
     

Fonterra gets antitrust, foreign investment approval for China deal

Fonterra Co-operative Group advises that China’s Ministry of Commerce has now granted anti-trust and strategic foreign investment approval for the proposed partnership with leading Chinese infant food manufacturer Beingmate.

Further regulatory approvals are required before Fonterra proceeds to the next stage which is a Partial Tender Offer to gain up to 20% of Beingmate.