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Announced

China Mengniu Dairy terminates the acquisition of Lion Dairy & Drinks from Kirin for $419m.

Financials

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Transaction Value£326m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA9.4x
Share Price Premium-
One Off Charge-

Tags

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Private

Australia

Food Products

Single Bidder

dairy products

Majority

Friendly

beverages

Acquisition

Failed

Synopsis

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China Mengniu Dairy, a manufacturing and distribution company of dairy products and ice cream, terminates the acquisition of Lion Dairy & Drinks, the Australian beverage unit of Kirin, an integrated beverages company, for $419m. The termination came after Mengniu was told that the deal would likely be blocked, amid increasingly strained relations between Canberra and Beijing.

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