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.