Fonterra confident $755 million price tag for Beingmate stake is good value

Mon, 16 Mar 2015

By Fiona Rotherham March 16 (BusinessDesk) - Fonterra Cooperative Group said the $755 million price tag for 18.8 percent of Shenzen-listed Beingmate Baby & Child Food represents good value and will deliver long-term value to the world’s largest dairy exporter. The transaction, valued at 3,464 million RMB ($755 million) is well above the $615 million Fonterra indicated it would cost for up to a 20 percent share last year when the deal was first announced. But chief financial officer Lukas Paravicini said the $615 million was a net figur...

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