CIC Drinks Milk Investment
The China Investment Corporation (CIC) is in discussions to possibly invest in a targeted NZ$ 525 million fund created by Fonterra called Fonterra Shareholders Fund. Fonterra is New Zealand’s biggest dairy processor and a co-operatively-owned company. Demand for whey and other dairy products are on the rise in Asia. The initial investment could be as much as US$ 100 million.
In the season of 2011-2012, 46% of global exports of whole milk powder were exported by Fonterra. According to Fonterra’s website they collect around 22 billion litres of milk each year.
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