Sanlu bankrupt - farming - national | Stuff.co.nz - The Diigo Meta page

• 04 Apr 09
  

  Tai Tran
  • 10,724 farmers

  • Fonterra has written down the investment in Sanlu by $139m. It holds a 43 percent stake.

    
    

    It was expected to write off the remaining $62m in book value.

  • 3 more annotations...
  • • Fonterra last season made $9.3 billion for its farmers – the equivalent of an average $867,213 for each of them – after soaring commodity markets pushed the payout up to $7.90/kg.
    • Sanlu faced compensation claims totalling 700m yuan
    • Fonterra is the world's largest dairy exporter, with annual revenues of about $17b

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