New Zealand's Lion Nathan To Move To Australia

Jan. 13, 2005
Shareholders in Lion Nathan Ltd., New Zealand's largest beverage company, have approved the migration of the company's head office to Sydney, Australia, effective June 2. The company's primary listing also will move to Australia, where about 80% of ...

Shareholders in Lion Nathan Ltd., New Zealand's largest beverage company, have approved the migration of the company's head office to Sydney, Australia, effective June 2. The company's primary listing also will move to Australia, where about 80% of Lion's annual profits are derived.

Lion announced the migration plan at its September-February profit results meeting last month, saying it was prudent to locate the company's head office in the country were almost three-quarters of its assets are located. Lion Chairman Douglas Myers told the shareholder meeting the move to Australia would have a long-term positive impact on the company's share price.

The company remains committed to its New Zealand business, Myers said, with this month's acquisition of a 19.9% stake in local wine firm Montana evidence of that commitment.

The company is 45% owned by Japanese brewers Kirin Brewing Co. Ltd. and operates in New Zealand, Australia, and China.

Popular Sponsored Recommendations

Global Supply Chain Readiness Report: The Pandemic and Beyond

Sept. 23, 2022
Jabil and IndustryWeek look into how manufacturers are responding to supply chain woes.

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

How Organizations Connect and Engage with Frontline Workers

June 14, 2023
Nearly 80% of the 2.7 billion workers across manufacturing, construction, healthcare, transportation, agriculture, hospitality, and education are frontline. Learn best practices...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!