New Delhi, Nov. 26 -- One of Australia's largest dairy operations is set to be bought by China's biggest dairy chain, a deal which includes some of the country's most popular milk and juice brands.
China Mengniu will pay Japanese beverage giant Kirin $600 million for the Lion Dairy & Drinks portfolio according to reports published in 9news.com.au
The Lion brands include Dairy Farmers, Masters and Pura milk; Dare and Farmers Union iced coffee; Big M, Dairy Farmers and Pura Classic flavoured milk; Vitasoy soy milk and coconut milk; juice brands Daily Juice, The Juice Brothers and Berri; and Yoplait yogurt, under licence.
China Mengniu is also behind the $1.5 billion bid for organic infant formula maker Bellamy's Australia.
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