Sydney Olympic Park. Japanese firm in $910 million deal

The board of Dairy Farmers Co-operative, headquartered at Sydney Olympic Park, has approved the sale of the business to a consortium lead by National Foods, owned by brewing firm, Kirin Holdings, for $910 million. If the transaction is approved by the co-operative’s 2000-plus shareholders later this year, it will take Kerin’s investment in the Australian diary industry to almost $3.9 billion, according to The Australian Financial Review. The ACCC has given its approval to the sale.