Conditions built into Frydenberg's okay for Chinese baby formula takeover
- Written by Michelle Grattan, Professorial Fellow, University of Canberra
Bellamy’s will have to have to manufacture in Victoria and keep its Australian headquarters for ten years.Bellamy’s AustraliaThe proposed acquisition of infant formula producer Bellamy’s Australia Ltd by China Mengniu Dairy Company Limited has been given approval by Treasurer Josh Frydenberg.
Strict, legally enforceable...
Read more: Conditions built into Frydenberg's okay for Chinese baby formula takeover