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- Release Date: 09/01/14 13:36
- Summary: GENERAL: FSF: Fonterra Confirms Danone Has Initiated Legal Proceedings
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FSF
09/01/2014 11:36
GENERAL
REL: 1136 HRS Fonterra Shareholders' Fund (NS)
GENERAL: FSF: Fonterra Confirms Danone Has Initiated Legal Proceedings
Fonterra today confirmed that Danone has formally initiated legal
proceedings.
This action by Danone follows the whey protein concentrate precautionary
recall initiated by Fonterra in August last year.
Fonterra has been in ongoing commercial discussions with Danone and is
disappointed that they have resulted in legal action.
Fonterra will now work through the detail of Danone's claims. It continues to
be confident in its position and will vigorously defend any proceedings.
Fonterra stands by its track record of having world-class food safety and
quality standards, quality systems, and robust testing regimes across all its
manufacturing facilities.
End CA:00245924 For:FSF Type:GENERAL Time:2014-01-09 11:36:48
