Wellington, Dec 16 NZPA - Dairy cooperative Fonterra says it has reached a final agreement to buy the 51 percent stake it does not own in a Saudi Arabian joint venture for $45 million.

Wellington, Sept 24 NZPA - Fonterra Co-operative Group today slashed the book value of its investment in troubled Chinese joint venture Sanlu by $139 million to an estimated $62 million, and cut back its forecast payouts to farmers this season.

Wellington, Sept 24 NZPA - The world's biggest dairy trader, Fonterra, says it is slashing its forecast payout for farmers this season, and holding back some of the profits.