Brewing and
dairy giant Lion says it will use its 10 per cent stake in Warrnambool Cheese & Butter to protect its own cheese business from being downgraded by any new owner.
Not exact matches
A2 Milk and
Lion Dairy & Drinks did not provide details about whether
Lion — which is owned by Japanese brewing
giant Kirin Corporation — will continue to use A2 on its Pura and
Dairy Farmers milk labels.
Japanese beer
giant Kirin Holdings is believed to be reconsidering the future of its Australian
dairy business, Lion Dairy & Dr
dairy business,
Lion Dairy & Dr
Dairy & Drinks.
The
dairy giant was trying to use the previous deadline to pressure rivals Bega Cheese and
Lion into selling their WCB stakes.
Lion, owned by Japanese
dairy and beer
giant Kirin, says it has «no current intention'to sell its 10 per cent stake in Victorian
dairy processor Warrnambool Cheese & Butter.
The 930 - hectare
dairy farm in Victoria's Goulburn Valley supplies milk products to food
giant Lion and has market expectations of around $ 18 million.