FSF 0.65% $4.68 fonterra shareholders' fund (ns)

Ann: GENERAL: FSF: Fonterra Submits Beingmate Partial Tender Offer

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    • Release Date: 12/02/15 08:31
    • Summary: GENERAL: FSF: Fonterra Submits Beingmate Partial Tender Offer
    • Price Sensitive: No
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    12/02/2015 08:30
    REL: 0830 HRS Fonterra Shareholders' Fund (NS)
    GENERAL: FSF: Fonterra Submits Beingmate Partial Tender Offer
    Fonterra Co-operative Group Limited today submitted to the Shenzhen Stock
    Exchange a partial tender offer to acquire up to 20 per cent of leading
    Chinese infant formula manufacturer, Beingmate Baby & Child Food Company Ltd.
    The offer will be open for 30 days, from 12 February until 3.00pm (China
    time) 13 March.
    It is expected that the result of the partial tender offer will be announced
    on 18 March.
    Last August, Fonterra and Beingmate announced that they intended to form a
    global partnership to help meet China's growing demand for infant formula.
    The partnership will create a fully integrated global supply chain from the
    farm gate direct to China's consumers, using Fonterra's milk pools and
    manufacturing sites in New Zealand, Australia, and Europe. It is intended to
    increase the volume and value of Fonterra's ingredients and branded products
    exported to China.
    For further information contact:
    Abhy Maharaj
    Director Equity Markets
    Phone: +64 21 879 458
    End CA:00260541 For:FSF    Type:GENERAL    Time:2015-02-12 08:31:05
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