The proposed AU$600 million ($430 million) sale of one of Australia’s largest dairy firms, Lion Dairy & Drinks, to China Mengniu Dairy Co. has been called off.
Lion owns local brands Pura Milk, Dairy Farmers, Dare, and Vitasoy.
Australian Dairy Sale to China Mengniu Called Off as Regulators Unlikely to Approve
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Lion Dairy & Drinks owned products Pura Milk, Farmers Union, and Dare on May 25, 2016 in Melbourne, Australia. Darrian Traynor/Getty Images
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