Announced
Financials
Tags
Private
Australia
Food Products
Single Bidder
dairy products
Majority
Friendly
beverages
Acquisition
Failed
Synopsis
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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