China's Mengniu Dairy has made an offer to buy Australia's Lion Dairy & Drinks from Kirin Holdings for $407m. The deal marks Mengniu's second acquisition in the Australian market in recent months, after buying Bellamy's Organic for $1bn.
Join our network of executives who receive the MBS News daily, as well as the insights, analysis and our weekly column in The Weekend Edition.
You’ll be able to unsubscribe at any time.