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

FSANZ calls for submission on starch enzyme

The enzyme would be used in baking and brewing, and testing has revealed no health or safety...

Siemens and Flinders University announce collaboration

The technology company and university will work together in a wide range of sectors including...

$20m impact investment in Aboriginal food business

Hudson Food Group has made an impact investment in The Dreaming Food Group, which was established...


  • All content Copyright © 2021 Westwick-Farrow Pty Ltd