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Mengniu poised for APAC expansion, analysts say

The proposed acquisition of Lion Dairy and Drinks would be just the start of big expansion plans for Chinese company Mengniu Dairy, according to data analytics and consulting company GlobalData. The Australian Competition and Consumer Commission last week gave the green light for the acquisition, which would see Lion D&D’s dairy business (currently a subsidiary

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ACCC give green light for Mengniu/Lion deal

The ACCC has given the green light for Chinese company Mengniu Dairy to take over Lion Dairy and Drinks. The consumer watchdog announced this morning it would not oppose the acquisition, which would include LD&D’s Australian raw milk processing facilities in Chelsea and Morwell, Victoria. A spokesperson for Lion told C&I they welcomed the decision.

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