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
• China Mengniu Dairy Company offered to buy Lion Dairy & Drinks from Kirin Holdings in November last year in a deal worth A$600 million (US$434 million)