Fonterra CEO on Business Strategy for China

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Aug. 28 (Bloomberg) -- Theo Spierings, chief executive officer of Fonterra Cooperative Group Ltd., the world's biggest dairy exporter, talks about the company's business strategy for China. Fonterra said it will pay NZ$615 million ($515 million) for a stake in a Chinese infant formula maker as it seeks to tap the nation's lucrative baby milk market. Spierings speaks from Beijing with John Dawson on Bloomberg Television's "First Up." (Source: Bloomberg)


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