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Is Fonterra’s China dream finished?

26/09/2008

invisible hit counter

Scoopit!

CNBC here in Singapore is saying San Lu Group is close to bankruptcy and is up for sale, with another Chinese dairy company tipped as the buyer.

Have not seen anything in the NZ press on this as yet.

Has this news hit NZ yet?

Was Fonterra’s recent provision against it’s investment enough?

Is this the end for Fonterra in China?

Has NZ suffered a mortal blow in China?

Has Fonterra suffered a major blow globally?

More if and when Adam hears/reads it.

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