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Fonterra mulls Dutch factory investment in whey, cheese partnership
By May 30 (BusinessDesk) - Fonterra Cooperative Group, the world's biggest dairy exporter, is looking at signing a deal with Netherlands-based A-Ware Food Group to set up a new European cheese and dairy ingredients factory. The companies have signed a memorandum of understand...
NZ dollar gains vs euro amid fears Spain will seek a regional bailout for its banks
By Hannah Lynch May 30 (BusinessDesk) - The New Zealand dollar rose against the euro after Spain backtracked on its recapitalisation plan for the recently nationalised Bankia SA, stoking fears the nation may need a rescue package and sapping investors' appetite for the region's...
Scales raises $25.2 mln to refinance blocking stake in Turners & Growers, mulls Enza merger
By Paul McBeth May 29 (BusinessDesk) - Scales Corp has raised $25.2 million in a rights issue to repay funds borrowed to build a blocking stake in Turners & Growers and says it would consider a merger between T&G’s Enza unit and its Mr Apple business. Christchurch-based Scales...
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