Major Japanese brewery
The move came as part of Kirin's efforts to streamline its businesses in
"The selling of the (Australian dairy) unit completes our restructuring plan" originally scheduled from 2016 to 2018 to cut low-profitability businesses, Kirin said.
Kirin said Lion is expected to finish sales procedures for the dairy unit by June following approval from Australian antitrust authorities.
The Japanese company said in April it would write down the value of Lion's dairy and beverage operations by
==Kyodo
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