15 Nov 2012

China considering stake in Fonterra fund

7:07 am on 15 November 2012

The Chinese government is in talks with Fonterra about taking a stake in its new shareholder fund, according to The Wall Street Journal.

The newspaper says China Investment Corp is considering an initial investment of less than $100 million.

Fonterra launched the $525 million fund last month, hoping to lure investors with an expected yield of up to 7%.