Business
$600m deal for China’s Mengniu to buy Lion Dairy called off amid trade tensions – ABC News
A $600 million deal to sell an Australia-based dairy business to a Chinese company is terminated, after failing to secure the approval of the Foreign Investment Review Board.
A $600 million deal to sell the maker of Pura milk, Dare iced coffee and Yoplait yoghurt to a Chinese company has been terminated, after failing to secure the approval of the Foreign Investment Review Board.
- Lion Dairy and Drinks owns several well-known brands sold in Australia
- It was set to be sold to China’s Mengniu Dairy, but the deal did not secure foreign investment approval
- The deal has now been called off due to the delay
Japanese-owned beverage giant K…
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