Fonterra to sell down Beingmate stake on market

Tue, 06 Aug 2019

By Rebecca Howard Aug. 7 (BusinessDesk) - Fonterra Cooperative Group plans to sell down its 18.8 percent shareholding in Beingmate Baby & Child Food Co on market after failing to find a buyer for the entire stake. The dairy giant said while it has talked to a number of parties about selling the entire stake, it has "so far been unsuccessful in finding a buyer." “As a result of this, we are now considering selling part of our holding and, as required by local listing rules, need to pre-announce our intention," chief executive Miles H...

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