NZ dairy giant Fonterra to divest 18.8% stake in China's Beingmate on stock market

NZ dairy giant Fonterra to divest 18.8% stake in China's Beingmate on stock market

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The world’s largest dairy exporter Fonterra will cut its 18.8% stake in Chinese infant formula maker Beingmate Baby & Child Food by selling shares on the stock market after failing to find a buyer for the poorly performing asset.