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Australia blocks Chinese firm’s bid to buy major dairy firm

Australia blocks Chinese firm’s bid to buy major dairy firm

Australia’s government announced on Tuesday it proposed to block Kirin Holdings Co.’s $430 million sale of its Australian dairy unit to a Chinese company, the latest sign of souring relations between the two countries. Although Australia’s consumer watchdog had earlier cleared the deal, Australian Treasurer Josh Frydenberg said that the sale ’would be contrary to the national interest’.

KCooper
KCooper
Justin MB
Justin MB 2 months

Smart move.

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