7 Nov 2024
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ACCC happy with $600m Lion dairy sale to China’s Mengniu

ACCC happy with 600m Lion dairy sale to Chinas Mengniu

The national competition regulator has given its tick of approval to the $600 million purchase of Lion Dairy and Drinks by China’s Mengniu Dairy Company, rejecting concerns about reduced milk market competition in Victoria’s Gippsland region.

Mengniu closer to lapping up Lion Dairy

Chinese company scoops Masters

The ACCC has cleared the way for China Mengniu Dairy to lap up Lion’s Dairy and Drinks portfolio, which includes the Dairy Farmers, Pura milk, Dare and Farmers Union iced coffee brands.

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