AGRI. DATE:2016-02-25. SOURCE:Xinhua News Agency. MELBOURNE, Feb. 24 (Xinhua) — The Australian government has approved the sale of the nation’s biggest dairy farming company to Chinese billionaire Lu Xianfeng. Van Diemen’s Land (VDL) – which boasts several dairy farms in Tasmania’s north, known for having the world’s cleanest air and water – officially changed hands late Tuesday, with the deal getting the all clear from the Australia’s Treasurer Scott Morrison.
In line with all foreign asset sales, the 200-million-U.S. dollar deal has been subjected to a review by Australia’s Foreign Investment Review Board, which found agreement met its “national interest” criteria.
Following the announcement, Senator Eric Abetz said the decision showed Tasmania was “open for business” and the conditions imposed by Treasurer Morrison would safeguard the industry for years to come.
“This approval will see an additional 95 jobs in Tasmania as well as a significant investment in VDL of more than…
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