Coca-Cola Amatil won’t buy Lion portfolio

Lion Dairy & DrinksCoca-Cola Amatil says it won’t be buying Lion Dairy & Drinks from Japanese beer giant Kirin.

Kirin is selling the Australian drinks portfolio, which includes brands such as Pura milk, Big M flavoured milk, Yoplait yoghurt, Berri juice and Farmers Union iced coffee and yoghurt.

“Coca-Cola Amatil is not pursuing a bid for the LDD portfolio,” the company said on Friday, responding to media speculation.

Coca-Cola Amatil said it “is comfortable with, and remains focused on, its current outstanding portfolio of beverages”.

Coca-Cola Amatil last month reported a 37 per cent fall in first-half profit following a $146.9 million writedown of fruit and vegetable canning business SPC.


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