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Fonterra prefers alliances to chasing acquisitions

Mar 23, 2017 - Australian Financial Review

Fonterra Co-operative

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*Payable April 20

Int div* (NZ) 20¢ 20¢

EPS 26¢ 25¢

Net ($NZm) 418 409

Pre-tax ($NZm) 487 486

Sales ($NZm) 9241 8838

Half year 2017 2016

The world's largest dairy exporter, Fonterra Co-operative, will seek strategic alliances rather than pursue growth via acquisition, confirming it is not interested in buying its customer, troubled infant formula maker Bellamy's Australia.

Fonterra chief executive Theo Spierings said the New Zealand-based dairy giant was interested in partnerships, likely in emerging markets such as Africa or south-east...