China Mengniu Dairy

Kirin and Mengniu have announced that they will not complete their planned million transfer deal for tLion Dairy & Drinks, which was announced towards the end of 2019. The deal between the two companies had been awaiting approval from Australian competition regulators. Reuters noted that the announcement followed a media report last week that the deal might be in jeopardy after the approval of a foreign investment law in July. “This is an …