Business
Bega boss ‘interested’ in buying Lion dairy after China sale pulled – Sydney Morning Herald
Bega Cheese executive chairman Barry Irvin says the company could be interested in buying Lion’s dairy and drinks business after the sale to China Mengniu Dairy was stopped by the Treasurer.
Bega has made a series of acquisitions in recent years including the 2017 purchase of Kraft subsidiary Mondelez Australia, which gave it Vegemite and peanut butter.
The abandonment of the Lion sale to Mengniu comes amid simmering tensions between Australia and China, and after China had imposed a number of trade strikes on Australia. Lion’s dairy and drinks business owns a number of big name brands including Dairy Farmers and Pura.
Mr Irvin was speaking after Bega reported a 2019-20 full year …
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