Business
Bega’s big dairy acquisition could sour Australia’s relationship with China – Sydney Morning Herald
The sale of Lion Dairy and Drinks to Bega Cheese creates a new sizeable force in Australian food manufacturing but it rubs a dose of fresh salt into our wounded…
Further fermenting discord with China would be reports that FIRB and Treasury had approved Mengnuis November 2019 offer but seven months later Frydenberg had overruled both on national interest grounds.
Indeed the rejection of Mengnui Dairys acquisition had been responsible for placing further strain on the relationship between Australia and China.
The latest casualty of this is Australias coal exports with $700 million worth now sitting in Chinese ports without permission to unload.
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