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Chinese firm’s $600 million deal to buy Pura milk, Dare iced coffee collapses – NEWS.com.au
Chinese firm’s $600 million deal to buy Pura milk, Dare iced coffee collapses
A lucrative deal to sell the company behind some of Australias most popular milk brands to a Chinese firm has been called off.The $600 million sale of Lion Dairy and Drinks to Mengniu Dairy was first announced last December.
While Lion produces some of the country’s top-selling dairy products – including Dairy Farmers, Pura, Dare, Farmers Union, Big M and Vitasoy as well as Yoplait yoghurt and Daily Juice – it is actually owned by Japanese beverage giant Kirin.
The dairy and drinks component o…
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