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Fonterra denies China pull-out
Published on: 2008-10-20
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Fonterra, the New Zealand dairy giant, denies reports that it is looking to sell its stake in the Chinese company San Lu involved in a contaminated milk scandal. The Reuters news agency has reported that Fonterra is in talks on San Lu's future and is considering selling its stake. But a Fonterra spokesman says the dairy cooperative is committed to doing business in China.

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