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.
Australian wine exports fall below 600 million litres
The latest report from Wine Australia has revealed a decline of 7% in wine value for June...
Australian rendering industry symposium
Australia's rendering industry takes centre stage at the 2026 ARA International Symposium...
Diversified Australia launches FoodTech Sydney
Announced at the foodpro 2026 event in Melbourne, FoodTech Sydney is designed to serve the NSW...
