Freedom Foods Group (ASX:FNP) has responded to recent media speculation regarding the Company’s potential involvement in an acquisition of the Lion Dairy and Drinks Portfolio.
Lion is currently the subject to a sale process by Kirin Holdings Company Limited.
Freedom Foods says it is not pursuing a bid for the LDD Portfolio as part of any current sale process.
The company has reconfirmed its focus on delivering unique capabilities and opportunities across Dairy Beverages and Nutritionals, Plant Based Beverages and Specialty Cereals and Snacks.
Shares in Freedom Foods (ASX:FNP) are trading 6.54 per cent higher at $4.56.