reportedly worrying Fonterra's owners is its $800m investment in establishing dairy farms in China. Also reportedly worrying Fonterra's owners is its $800m investment in establishing dairy farms in China. The farms yielded just $1m in earnings before interest and tax in the 2017 financial year, despite a $38m subsidy of their operations by Fonterra's China ingredients division. They're questioning Fonterra's overseas investment strategy - it's not putting money in their pockets. Asked if the Fonterra Shareholder Council, as the owners' representative, was concerned about the China investment, Coull said the council had yet to meet this year.

Source: Otago Daily Times February 18, 2018 20:03 UTC