TOKYO, Nov 21 (Reuters) - Japan's Kirin Holdings Co 2503.T has decided to sell its Australian dairy firm Lion-Dairy and Drinks Pty Ltd to Bega Cheese Ltd (BGA) for more than 40 billion yen ($385 million), the Nikkei business daily reported on Saturday.
The agreement comes after Kirin and China Mengniu Dairy Co 2319.HK said in August they had given up on a deal for Lion-Dairy worth $430 million, amid increasing Sino-Australian tensions.
The deal was expected to be announced soon, the Nikkei said, without citing its sources.
News: BGA Kirin to sell Australia's Lion-Dairy to Bega Cheese for over $385 mln - Nikkei
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