Business
Lining up to replace China’s Mengniu – The Australian Financial Review
Josh Frydenberg’s personal decision to block the takeover of Lion’s dairy and drinks business by the Chinese gives Australia’s Bega Cheese – and others – the opportunity to pursue the target.
But Bega was busy digesting previous acquisitions when Lions assets came on the market two years ago.
At the companys first-half results in March, Irvin said Bega remained open to further dairy consolidation opportunities and argued that the company was in a strong position to capitalise on growing demand for natural products.
Josh Frydenberg didn’t want more Chinese influence over Australia’s dairy industry. Alex Ellinghausen
The Treasurer has absolute authority on foreign investment decisio…
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