New Zealand's Fonterra plans to buy stake in dairy Rokiskio Suris

  • 2017-08-30
  • BNS/TBT Staff
New Zealand's dairy giant Fonterra plans to buy a 10 per cent stake in Rokiskio Suris, a leading Lithuanian dairy group, for over 7 million euros. Rokiskio Suris and Fonterra have reached a preliminary agreement on the acquisition of a new share issue, the Lithuanian company said in a stock exchange release. "We regard the strategic investment by the global company, approved after extensive exploration across Eastern Europe, as a sign of confidence not only in us as business partners, but also in the Baltic market as a whole," Dalius Trumpa, chairman of the ...
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