Fonterra Building Chilean Base

New Zealand-based dairy giant Fonterra has paid US$201.9mn to increase its holdings in Chilean dairy firm Soprole. Fonterra has purchased an additional 42.6% share of the Chilean firm, taking its stake in the company to over 99%. This deal is an indicator of the success of the Chilean dairy firm, which has been one of Fonterra's most profitable overseas assets, and also highlights that Chile is now seen as an important part of Fonterra's export

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