Australia's Bega Cheese buys dairy arm of Japan's Kirin for $412m

Australia's Bega Cheese buys dairy arm of Japan's Kirin for $412m

Photo: Pixabay

Australia’s Bega Cheese Ltd will buy the Australian dairy arm of Japanese drinks giant Kirin Holdings Co Ltd for A$560 million ($412 million), the companies said on Thursday, a 10% discount on China Mengniu’s offer in 2019.

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