Friday, 18 September 2020 13:02

Battle is on

Written by Milking It

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OPINION: One of Australia’s biggest dairy businesses is back on the market after the Federal Government knocked back a bid by Chinese company Mengniu.

Lion Dairy, owned by Japanese brewer Kirin, is now getting the attention of listed Australian processor Bega Cheese.

Fonterra, which has a sizeable business across the ditch, hasn’t put its hand up for the business yet.

The thwarted sale process is another twist in the worsening trade relations between Beijing and Canberra – an escalating diplomatic ‘cold war’ that went into overdrive when Australia joined calls for an independent inquiry into the origin of Covid-19, thought by many to originate in Wuhan, China.

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