Kirin enters WCB fray

Lion Nathan, wholly owned by Lion Nathan, has blown the other bidders for Warrnambool out of the water.

Japanese group Kirin has revealed itself as the mystery buyer of a blocking stake in Warrnambool Cheese and Butter.

The Japanese brewer which owns Lion Nathan and Dairy Farmers this morning placed an order for $40 million worth of WCB stock at $9.25, sending Warrnambool's share price soaring to as high as $9.30, snapping up 9% of the company.


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