[07 August/The Country] Fonterra Co-operative is going to experience a huge loss by selling down its shares in Chinese infant formula manufacturer Beingmate at less than a third of what it originally paid for its stake. The co-operative has already written down the investment by more than $430 million on its balance sheet after a string of losses dropped Beingmate’s market value, originally paying $755 million. The co-operative confirmed its intention to sell a portion of its 18.8 percent stake as part of its plan to turn around its business. Fonterra has already unwound its joint venture arrangement with Beingmate, taking back full ownership of the Darnum manufacturing plant in Australia. As part of its asset review, Fonterra has started a sale process for its 50 per cent stake in DFE Pharma and ice cream maker Tip Top as well.