date:Oct 31, 2013
Lion, an Australian unit of Japanese conglomerate Kirin, has acquired a 9.99% stake in Australia's Warrnambool Cheese Butter (WCB).
Warrnambool operates two manufacturing facilities in South West Victoria and South Australia with more than 420 staff. It produces a wide of dairy products for domestic and export markets, including cheese, butter and butter blends, milk, cream and dairy ingredients.
Lion has purchased Warrnambool's shares at an average price of A$9.19 each, representing a premiu