NZ dairy processor Fonterra has sold its share in a Korean cheese company.
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Fonterra sold its 50% stake in Korea-based Maeil New Zealand Cheese Company to its joint venture partner, the group stated today [Wednesday]. The deal was closed for NZ$13.8m (US$6.5m). Its partner is the Ventis Maeil Dairy Company.
In another story on Fonterra today, we report on a disappointingly low voter turnout at last week’s special general meeting. To read it click here.
