Kirin gets court approval for Lion deal

Posted by Daniel Palmer on 8th October 2009

Kirin Holdings has received approval from the Federal Court of Australia for their multi-billion dollar takeover of Australia’s second largest brewer, Lion Nathan.

Japanese food and beverage conglomerate Kirin has been very active in the Australian marketplace over the past few years with purchases of National Foods and Dairy Farmers. They will now combine these operations into one company, Lion Nathan National Foods, and become the largest supplier to Australian supermarkets with a portfolio of prominent juice, dairy and alcohol brands.

The takeover will be officially implemented on October 21, with Lion boss Rob Murray to run the combined group.