BGA 2.58% $4.37 bega cheese limited

TOKYO, Nov 21 (Reuters) - Japan's Kirin Holdings Co 2503.T has...

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    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.

 
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