Australia agreed to sell to China the largest milk producer

Australia authorities approved the sale of Van Dieman's Land, the largest milk producer in the country, Chinese investors. It is reported by Marketwatch.

The buyer will be the businessman Lu Xianfan and Moon Lake controlled by him. The amount of the transaction will be 280 million Australian dollars ($ 202 million).

Opponents of the transaction indicated that the authorities during the sale of Van Dieman's Land did not pay attention to potential local buyers and, thus, did not take into account national interests, writes Financial Times. Meanwhile, Lu Xianfan published an article in the local newspaper in which he indicated that the agreements with Moon Lake would benefit all parties. Thus, the Chinese structure pledged to invest 100 million Australian dollars in the Australian asset and create an additional 95 jobs.

Located in Tasmania Van Dieman's Land Co. It is one of the oldest Australian companies - it was founded in 1825. The number of dairy lives under the control of the company has 30 thousand heads in 25 farms.

Marketwatch indicates that China is now the largest foreign investor in Australia agriculture.

In early February, it was also reported that China will draw its largest deal abroad in Switzerland. The local company Syngenta, one of the world's largest manufacturers of plant and seed protection products, agreed to absorb by the China National Chemical Corp. (Chemchina) for more than $ 43 billion.