Business as usual expected for Lion's dairy suppliers in FNQ

By James Geraghty, Qdo State Councillor, Dairy Farmer in Milla Milla and A Supplier to Lion Dairy & Drinks
Updated December 3 2019 - 10:40am, first published 10:27am
Business as usual expected for Lion's dairy suppliers in FNQ
Business as usual expected for Lion's dairy suppliers in FNQ

Last week brought the long-awaited news of the sale of Lion Dairy and Drinks. Assuming that the bid passes the ACCC and Foreign Investment Review Board processes, by the end of June 2020, Lion will be owned by Mengniu (pronounced Mong-u), a massive Chinese-based, Hong Kong Stock Exchange listed company that has Arla, a European cooperative, and Danone, a world leader in yoghurt and other dairy foods, as shareholders.

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