Dairy Farmers Co-op supports Lion drinks sale to Bega
The sale of the Lion Dairy and Drinks business to ASX-listed food and dairy company, Bega Cheese, has been well received by the company’s largest supplier group, Dairy Farmers Milk Cooperative (DFMC).
Bega buys Lion’s Australian dairy business in $560m deal
Bega Cheese executive chairman Barry Irvin says adding a range of popular household dairy names such as Yoplait, Big M and Pura Milk to its books will finally give the business the heft it was seeking in the global food sector.
Saputo confirms interest in Australia’s Lion Dairy & Drinks
Saputo, the Canada-based dairy major, has confirmed it is mulling a move to buy another asset in Australia.
Lion Dairy and Drinks sale hits final furlong; ACCC unleashed
Japanese drinks giant Kirin has finished churning through bids for its up-for-sale local dairy and drinks division.
Why the decision to reject China’s bid for Lion dairy matters
Treasurer Josh Frydenberg ended the prospects of Japan’s Kirin group selling its $600 million Australian Lion Dairy and Drinks business to Chinese dairy firm Mengniu when he gave his preliminary view that the sale ‘would be contrary to the national interest’.
Dairy farmers left in limbo by collapse of Mengnui/Lion sale
The dissolution of the sale of Lion Dairy and Drinks to China Mengniu Dairy Co had many politicians and political commentators patting one another on the back, believing that blocking the intended sale was best for Australia.
Beverages group Lion abandons $600 million China dairy sale
Treasurer Josh Frydenberg has welcomed Lion’s decision to abandon the sale of its $600 million dairy and drinks business to China Mengniu Dairy after it was told it was unlikely to win approval from Australian regulators.
