News
The joint-owner of New Zealand's largest privately owned dairy farming operation has confirmed it is in talks to sell out to a Chinese company for over NZ$200 million.
The sale would make the Chinese interests one of the biggest individual shareholders in Fonterra, but would save two New Zealand banks and PGG Wrightson Finance from taking big losses on loans to the farming group.
Source: nzherald.co.nz
To read the full story click here.