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: ©stock.adobe.com/au/cameravit

Related News

Food ingredients specialist's solutions on show at Fi India 2026

Barentz will showcase its local food innovations at Fi India 2026, taking place from 26–28...

Australian Grape & Wine CEO to depart end of September

Australian Grape & Wine's CEO Lee McLean announced his resignation today (21 August)...

Saputo to sell its UK operations to Lactalis

Saputo Inc. has signed a definitive agreement to sell its UK dairy division to B.S.A. SAS...

Content from other channels on our network

Zip Water releases 2025 Sustainability Report

Australia's EV fleet transition will be won or lost at the depot

Smart stormwater system removes harmful pollutants

Researchers create compact supercapacitor designed for reuse

ARRC Gold Coast calls for market certainty on plastics

Opinion: Beyond the survey — what psychosocial risk management is becoming

Could Australia's use of this machine identify silicosis before damage occurs?

$205K in fines follow six-metre fall from unsafely constructed scaffold

$200K fine after stacker conveyor entanglement at a gold mine

Nexon partners with Dementia Australia to tackle dementia stigma in the workplace

mRNA therapy found to prevent recurrence of melanoma

Vanillin flavouring in vapes may disrupt embryo development

ATSE names Jane O'Dwyer as its new CEO

Heart valve tissues created from stem cells

A high-performance method for CRISPR off-target nomination

  • All content Copyright © 2026 Westwick-Farrow Pty Ltd