date:Feb 25, 2016
The Australian Federal Governments Foreign Investment Review Board (FIRB) is allowing Chinas Moon Lake Investments to acquire Australias largest dairy producer, Van Diemens Land Company (VDL).
The purchase price is AUD$280 million for operations covering 17, 800 hectares.
The deal is causing worry in Australia about upward pricing pressures from a shortfall in production of infant formula for Australias domestic market.
Market observers believe that the purchase will increase the diversion of