Global Trade Alert
Global Trade Alert

Australia: Australian government rejects Chinese purchase of Lion Dairy and Drinks

Announcement

25 Aug 2020

The Chinese company Mengniu Dairy withdrew their offer to purchase Australian-based (Japanese-owned) company, Lion Dairy and Drinks, after Australian Treasurer, Josh Frydenberg, cited concerns of national security. 

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

25 Aug 2020

Revocation date:

No revocation date

FDI: Entry and ownership rule In force

On August 25th, 2020, the Chinese company Mengniu Dairy Company Limited withdrew their offer to purchase the Australian-based (Japanese-owned) company Lion Dairy and Drinks on the grounds of national ...

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