Coca-Cola Amatil not pursuing Lion Drinks and Diary

Company News

by Rachael Jones

Coca-Cola Amatil (ASX:CCL) released a press release today saying despite media commentary and speculation, they are not pursuing a bid for Lion Drinks and Diary.

Lion Dairy and Drinks portfolio is currently owned by beverages company Kirin.

Kirin includes Dairy Farmers and Dare among its brands.

Coca-Cola Amatil;s statement to the ASX says that as stated in their full year results presentation in February 2019, the company is comfortable with, and remains focused on, its current outstanding portfolio of beverages.

Shares in Coca-Cola Amatil (ASX:CCL) are trading 0.83 per cent higher to $8.50.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.