China: Fonterra finds finance to support business growth
Fonterra has announced it has raised $206.6M to support business growth in China. Fonterra reports that it has raised the amount from its second bond denominated in Chinese yuan. The five year so-called “dim sum” bond will be used to finance Fonterra’s expansion across the supply chain, with the move forming part of Fonterra’s plans […]
New Zealand: Fonterra may face legal action from Danone
Dairy exporter Fonterra may face legal action from Danone over the recall of infant formula that the former claimed contained a potentially harmful ingredient. Danone aims to claim back compensation for what it says was a €350 million ($476 million) loss in sales following the recall of products in New Zealand and Australia. Negotiations started […]