Business
Bega Cheese confirms purchase of Lion Dairy and Drinks, owner of Pura Milk, Dare and Yoplait – ABC News
Bega Cheese emerges from a trading halt, announcing it will buy Lion Dairy and Drink from Japanese beverage giant Kirin.
ASX-listed dairy company Bega Cheese will purchase Lion Dairy and Drinks from Japan’s Kirin for $534 million.
Key points:
- Bega Cheese hopes to raise $401 million by offering 87 million new shares for the purchase
- Lion owns a number of well-known brands and a national cold supply chain.
- The Federal Government knocked back a Chinese company’s bid for Lion last year
Emerging from a week-long trading halt, Bega Cheese said the deal would be complete by January.
In November last year, Kirin had lined up…
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