Mengniu Terminates Acquisition of the Second Largest Dairy Company in Australia
Aug 26, 2020
Mengniu terminates the acquisition of Lion Dairy & Drinks because it hasn’t received official approval from the Treasurer of Australia, Josh Frydenberg.
The termination of acquisition will not cause material adverse effect to Mengniu, however, it does show instability of investing in Australia.
On August 25th, China Mengniu Dairy Company Limited ("Mengniu") revealed in an announcement that it had terminated acquisition of the second largest dairy company in Australia, LION-DAIRY & DRINKS PTY LTD ("LDD"), in a written agreement. According to Mengniu's announcement, the reason of the termination is "one of the conditions was not achieved by the preconditioned expiration date". 
Please Log in
or Sign up
(FREE) to read the full content.
We provide full-scale Chinese food market entry services (including product registration, ingredient review, regulatory consultation, customized training, market research, branding strategy). Please contact us to discuss how we can help you by email@example.com
Copyright: unless otherwise stated all contents of this website are ©2020 - REACH24H Consulting Group - All Rights Reserved - For permission to use any content on this site, please contact firstname.lastname@example.org