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Mengniu and China Modern Dairy cryptically deny takeover rumours

Mengniu and China Modern Dairy cryptically deny takeover rumours

By Mark ASTLEY

China Modern Dairy has played down rumours of a takeover by “a third party” – assumed to be Mengniu – but has confirmed that talks are ongoing with the unnamed company in regards to the “possible disposal of certain assets.”

Fonterra considers flotation

Fonterra considers flotation

By Jess Halliday

Fonterra is initiating a two-year consultation to adopt a preferred
capital structure that could see it split in two and listing on the
New Zealand Stock Exchange, to better take advantage
of growth opportunities.