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$600m deal for China’s Mengniu to buy Lion Dairy called off amid trade tensions – ABC News

A $600 million deal to sell an Australia-based dairy business to a Chinese company is terminated, after failing to secure the approval of the Foreign Investment Review Board.

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A $600 million deal to sell the maker of Pura milk, Dare iced coffee and Yoplait yoghurt to a Chinese company has been terminated, after failing to secure the approval of the Foreign Investment Review Board.

  • Lion Dairy and Drinks owns several well-known brands sold in Australia
  • It was set to be sold to China’s Mengniu Dairy, but the deal did not secure foreign investment approval
  • The deal has now been called off due to the delay

Japanese-owned beverage giant K…

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