CANBERRA, ACT, Nov. 21 -- The Treasurer of Australia issued the following media release:
Today, I have accepted the very clear and unambiguous recommendation from the Foreign Investment Review Board to block Cosette Australia Holdings Pty Ltd and Cosette Australia Bidco Pty Ltd from acquiring a 100percent interest in Mayne Pharma Group Limited on national interest grounds.
My decision is entirely consistent with the FIRB advice that the proposal would be contrary to Australia's national interest.
This is about doing what is necessary to protect Australia's national interest, the security of our critical medical supply chains, local jobs and the local community.
The decision was not taken lightly and comes after months of careful and met...