Lion Dairy sale terminated

Friday, 28 August, 2020

Lion Dairy sale terminated

Lion and China Mengniu Dairy have mutually agreed to cease the sale process.

China Mengniu Dairy Company Limited (Mengniu Dairy) has been awaiting the outcome of the Foreign Investment Review Board (FIRB) review of its proposed purchase of Lion Dairy & Drinks, Lion said in a statement.

Given this approval is unlikely to be forthcoming at this time, Lion and Mengniu Dairy have agreed to cease the process. “We are disappointed with this outcome and will now consider pathways forward in relation to the Lion Dairy & Drinks business,” Lion said.

Image credit: ©

Related News

SPC requires all staff to be fully vaccinated by December

Food manufacturer SPC is mandating that all of its staff must be fully vaccinated by the end of...

'Rosie' view on Australian manufacturing from AMCG

The AMCG learning module hosted by Dr 'Rosie' Barnes is designed to help food and...

ACCC recommits to infant formula marketing restrictions

The ACCC accepted that the MAIF Agreement would continue to ensure important restrictions on the...

  • All content Copyright © 2021 Westwick-Farrow Pty Ltd