Liquor bidding war too rich for Lion

The decision could be good news for New Zealand consumers, as it will probably see a third big player remain in the market, something that will keep competition keen.

Lion Nathan has confirmed it is on the hunt for buyers for its Auckland Brewery site, thought likely to fetch up to $150 million.

Agents CB Richard Ellis have been appointed to identify potential buyers for the 5.2 hectare prime Newmarket site.

Spokeswoman Liz Read said Lion was looking at the best option for production for the long term.

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