Corporate Corruption Economics

Chinese wealth fund interested in taking a stake in Fonterra, says Key

Clare Swinney 16 years ago 1

NZHerald

4:00AM Friday May 01, 2009
By Fran O’Sullivan

Prime Minister John Key has revealed China’s US$200 billion ($349 billion) sovereign-wealth fund has signalled its interest in a stake in NZ dairy giant Fonterra if it changes its capital structure.

China Investment Corp chief executive Lou Jiwei made the fund’s interest in Fonterra, and other New Zealand assets, clear in a meeting with Key at the Boao Forum for Asia two weeks ago.

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Clare Swinney

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