Chinese firm takeover of Lion Dairy fails

By Paul Osborne
Updated August 25 2020 - 1:46pm, first published 1:43pm
Lion Dairy & Drinks and China Mengniu Dairy Company have agreed to not proceed with a sale.
Lion Dairy & Drinks and China Mengniu Dairy Company have agreed to not proceed with a sale.

A company part-owned by the Chinese government has been blocked from controlling popular Australian brands like Pura, Dairy Farmers and Dare flavoured milk.

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