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

• Release Date: 12/02/15 08:31
• Summary: GENERAL: FSF: Fonterra Submits Beingmate Partial Tender Offer
• Price Sensitive: No
• Download Document  1.17KB

					FSF
12/02/2015 08:30
GENERAL
PRICE SENSITIVE
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.

-ENDS-

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