Coca-Cola Amatil won’t buy Lion portfolio
Coca-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.