◂ Announcements

Acquisition

Nov 26, 2019ACQUISITIONAustralia

Mengniu to acquire Australian dairy company Lion-Dairy & Drinks for AUD 600 million

China Mengniu Dairy announced it will acquire a 100% stake in Australian dairy and beverage company Lion-Dairy & Drinks Pty Ltd (LDD) for AUD 600 million (HK$3.187 billion). LDD is an indirect subsidiary of Kirin Holdings.

Value

$410.0M (600.0M AUD)

Status

Announced

Productsdairy productsbeverages

CompaniesChina Mengniu Dairy acquirer Lion-Dairy & Drinks target Kirin Holdings partner

“China's traditional consumption has become saturated, and the growth of performance is more difficult.”sjfzxm.com

1 source
sjfzxm.comMengniu, Australia'S Strategy, Another Son: HK $3 Billion 100 Million Acquisition Of Dairy Enterprises LDDNov 26, 2019

Summarized from public sources; check the original articles before acting on it.

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