Brewer Lion Nathan says the New Zealand Overseas Investment Office has approved a takeover of the company by major shareholder Kirin.
Australian-based Lion Nathan says group sales in the nine months to June rose 3 per cent, driven by significant growth in its Australian business. It says it is on track to deliver a A$305 million ($379.8 million) to A$315 million annual net profit before one-off items.
The company said sales volumes in the New Zealand market had softened in the third quarter.
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