Brief: Future Consumer To Enter JV Arrangement With Fonterra (Europe) Cooperatie U.A

Future Consumer

08/08/2018 09:25

Aug 8 (Reuters) - Future Consumer Ltd  FTRE.NS :
    * APPROVED TO ENTER INTO 50:50 JV ARRANGEMENT WITH FONTERRA
(EUROPE) COOPERATIE U.A, UNIT OF FONTERRA CO-OPERATIVE GROUP NEW
ZEALAND
    * SAYS  OBJECTIVE OF JV IS TO INTRODUCE FULL RANGE OF
CONSUMER AND
FOODSERVICE DAIRY PRODUCTS IN INDIA
    * TO BUY ENTIRE STAKE IN AFFLUENCE FOOD PROCESSORS BY WAY OF
PURCHASE OF SHARES OF AFFLUENCE HELD BY E.K. SONS AGRO FOODS
    * MONETIZING INVESTMENT HELD BY CO IN AMAR CHITRA KATHA FOR
600
MILLION RUPEES
    * FIRST CONSUMER PRODUCTS WILL BE LAUNCHED BY MIDDLE OF 2019

Source text: http://bit.ly/2ASDq8e
Further company coverage:  FTRE.NS 

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