Business
Australia government may block China Mengniu’s milk brands deal: media – Reuters
Australia’s government may block China Mengniu Dairy Co Ltd’s <2319.HK> purchase of some of the country’s best-known milk brands, the Australian Financial Review reported on Thursday, citing unidentified sources who blamed “diplomatic issues”.
SYDNEY (Reuters) – Australia’s government may block China Mengniu Dairy Co Ltd’s (2319.HK) purchase of some of the country’s best-known milk brands, the Australian Financial Review reported on Thursday, citing unidentified sources who blamed “diplomatic issues”.
Treasurer Josh Frydenberg has gone against the advice of the Foreign Investment Review Board (FIRB) which was in favour of approving the A$600 million ($430.98 million) deal, the newspaper said.
That would mark the first government v…
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