(Bloomberg) -- Mitsui & Co., Japan's second-largest
trading company, bought a 14 percent stake in New Zealand dairy
company Synlait Investments Ltd. to profit from rising demand.
Mitsui agreed to pay NZ$13.5 million ($10.2 million) for the
stake and will lend the Christchurch-based milk processor NZ$16.5
million to aid its expansion, the two companies said in a joint
statement today. As part of the agreement, Mitsui will manage all
Synlait's international shipments and receipts.
Read more at Bloomberg Commodities News
trading company, bought a 14 percent stake in New Zealand dairy
company Synlait Investments Ltd. to profit from rising demand.
Mitsui agreed to pay NZ$13.5 million ($10.2 million) for the
stake and will lend the Christchurch-based milk processor NZ$16.5
million to aid its expansion, the two companies said in a joint
statement today. As part of the agreement, Mitsui will manage all
Synlait's international shipments and receipts.
Read more at Bloomberg Commodities News
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