# 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.

- Type: Acquisition
- Announced: 2019-11-26
- Where: Australia
- Value: $410.0M (600.0M AUD)
- Status: announced
- Products: dairy products, beverages

## Companies

- [China Mengniu Dairy](https://endata.com/companies/43520.md) (acquirer)
- [Lion-Dairy & Drinks](https://endata.com/companies/43521.md) (target)
- [Kirin Holdings](https://endata.com/companies/43522.md) (partner)

## Sources

- [sjfzxm.com](http://www.sjfzxm.com/global/en/556481.html), 2019-11-26: "China's traditional consumption has become saturated, and the growth of performance is more difficult."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.