Bega buys up Lion’s Dairy & Drinks business

Kirin Holdings and Lion have announced an agreement to sell the Dairy & Drinks business to Bega Cheese for A $560 million. The sale is unconditional, including no further regulatory approvals required and is expected to be completed in early 2021. Read More

Mengniu Dairy opt out of Lion deal

Beverage giant Lion and China-based Mengniu Dairy have agreed to part ways on the $600 million deal that was supposed to have the Chinese company take over brands such as Pura milk, Dare iced coffee and
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Lion breweries victim of cyber attack

Over the past week, Lion has continued to make progress in restoring many of its key systems following a cyber attack that caused a partial IT outage. The attack, which occurred on 12 June, was the result
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ACCC okays Chinese dairy acquisition

The Australian Competition & Consumer Commission (ACCC) has given the nod to China Mengniu Dairy Company Ltd (Mengniu) for the proposed acquisition of Lion Dairy & Drinks Pty Ltd (Lion D&D). “Mengniu
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