Chinese dairy giant Mengniu sees net profit rise 11.6 pct in 2022
Chinese dairy giant Inner Mongolia Mengniu Dairy (Group) Co., Ltd. said that its net profit reached 5.4 billion yuan (about 783.9 million U.S. dollars) in 2022, marking an annual increase of 11.6 percent.
Danone finalizes $1.98 billion sale of stake in Chinese dairy company Mengniu
Danone BN, +1.66% said Thursday that it has finalized the sale of its approximately 9.8% stake in Chinese dairy company China Mengniu Dairy Co. with gross proceeds amounting to 15.4 billion Hong Kong dollars ($1.98 billion).
Danone takes first steps to sell shares in Chinese dairy company Mengniu
As part of its ongoing portfolio review, Danone said it has reached an agreement with COFCO Dairy Investments Limited, to convert Danone’s stake in China Mengniu Dairy Company Limited, currently held indirectly, into a direct holding.
Danone Plans to Sell China Dairy Stake to Appease Shareholders
Yogurt maker to sell China Mengniu stake to fund buybacks
Stake in dairy company is worth more than $2 billion
Bega, Norco watching Lion Dairy and Drinks after Mengniu deal dropped
The farmer-owned Norco dairy co-operative has joined the list of contenders weighing up a bid for at least part of the big $600 million Lion Dairy and Drinks business.
China Mengniu Dairy, Lion Dairy & Drinks sale collapses
The proposed sale of Lion’s Dairy & Drinks business to China Mengniu Dairy Company has fallen through, with both parties walking away due to approval from the Foreign Investment Review Board (FIRB) being “unlikely”.
Beverages group Lion abandons $600 million China dairy sale
Treasurer Josh Frydenberg has welcomed Lion’s decision to abandon the sale of its $600 million dairy and drinks business to China Mengniu Dairy after it was told it was unlikely to win approval from Australian regulators.
Plan for China’s Mengniu to buy Lion Dairy ditched after Josh Frydenberg labels sale ‘contrary to national interest’
A $600 million deal to sell the maker of Pura milk, Dare iced coffee and Yoplait yoghurt to a Chinese company has been terminated, after Treasurer Josh Frydenberg decided the sale was “contrary to the national interest”.
Australia government may block China Mengniu’s milk brands deal
Australia’s government may block China Mengniu Dairy Co Ltd’s <2319.HK> purchase of some of the country’s best-known milk brands, the Australian Financial Review reported on Thursday, citing unidentified sources who blamed “diplomatic issues”.
Australia to block China Mengniu Dairy Company’s buyout of Lion Dairy & Drinks from Japan’s Kirin Holdings, media report says
Australia Treasurer Josh Frydenberg has gone against the advice of the Foreign Investment Review Board, the Australian Financial Review reported on Thursday
