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Australia’s Bega Cheese buys Lion Dairy from Kirin – CNN

Japanese beverage giant Kirin is selling Lion Dairy to Australian company Bega Cheese, months after it was forced to scrap a bigger deal because of geopolitical…

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Hong Kong (CNN Business)Japanese beverage giant Kirin has finally offloaded its Australian dairy business, months after it was forced to scrap a bigger deal because of geopolitical tensions with China.
Kirin(KNBWY) is selling Lion Dairy to Australian company Bega Cheese for 560 million Australian dollars ($412 million), the companies said on Thursday.
Under the agreement, Bega is acquiring Lion Dairy an Australian yogurt, milk and juice company that makes well-known brands such as Yoplait, Dairy…

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