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.
Lion Dairy & Drinks owned products Pura Milk, Farmers Union, and Dare on May 25, 2016 in Melbourne, Australia. Darrian Traynor/Getty Images
Daniel Y. Teng
Editor
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Daniel Y. Teng
Editor
Daniel Y. Teng is based in Brisbane, Australia. He focuses on national affairs, including federal politics and Australia-China relations. Got a tip? Contact him at [email protected].
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