date:Aug 28, 2014
ake in China Mengniu Dairy Co Ltd.
Fonterra Cooperative Group Ltd, the world's largest dairy exporter, said it would take a stake of up to 20 percent in Beingmate, China's biggest maker of infant milk formula, at 18 yuan per share. That is a 25 percent premium to the stock's last closing price.
Its total investment in the partnership came to about $514 million, including proceeds from selling Beingmate a stake in an Australian plant, Fonterra said.
The cooperative also said it would invest ab