Japanese beverage maker Kirin Holdings Co Ltd confirmed on Tuesday that top Australian cheesemaker Bega Cheese Ltd was among the candidates it was talking to for the sale of its Lion Dairy business, but that no decision had been made.
A source told Reuters on Monday that Bega was conducting due diligence on Kirin‘s Lion Dairy & Drinks, which would likely cost around A$550 million ($402 million), although there was no guarantee of a deal.
