A Chinese takeover of a Tasmanian infant milk formula company has been approved by the Federal Government.
Treasurer Josh Frydenberg says China Mengnui’s $1.5 billion bid for Bellamy’s Australia can proceed.
But, as Political Editor Andrew Probyn reports, the takeover comes with enforceable conditions designed to ease domestic concern about the acquisition.
Read more here: https://www.abc.net.au/news/2019-11-15/bellamys-baby-formula-chinese-takeover-approved/11707190
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