Lion Dairy sale terminated
Lion and China Mengniu Dairy have mutually agreed to cease the sale process.
China Mengniu Dairy Company Limited (Mengniu Dairy) has been awaiting the outcome of the Foreign Investment Review Board (FIRB) review of its proposed purchase of Lion Dairy & Drinks, Lion said in a statement.
Given this approval is unlikely to be forthcoming at this time, Lion and Mengniu Dairy have agreed to cease the process. “We are disappointed with this outcome and will now consider pathways forward in relation to the Lion Dairy & Drinks business,” Lion said.
Chobani Australia welcomes Scott Hadley as Managing Director
Chobani has announced the appointment of Scott Hadley as Managing Director – Australia/New...
Safe food union: BfR and SFA sign cooperation agreement
The Singapore Food Agency (SFA) and BfR in Germany have signed a Joint Declaration of Intent with...
Fonterra appoints permanent COO
Fonterra has announced that Anna Palairet has been permanently appointed into the role of Chief...
