Treasurer approves Gina Rinehart-led bid for Kidman cattle stations

Written on the 13 December 2016

Treasurer approves Gina Rinehart-led bid for Kidman cattle stations A Gina Rinehart-led takeover offer for S. Kidman & Co, Australia's largest landholder, has been waved through by Treasurer Scott Morrison, bringing an end to the long-running sale saga.

Ms Rinehart teamed up with Shanghai CRED Real Estate Stock Co to make a $365 million bid in October after a Shanghai Pengxin-led consortium's bid for the cattle stations was blocked on national interest grounds in April. The offer was later raised to $386.5 million after a rival bid was lodged by some of the country's wealthiest farming families.

Ms Rinehart and Shanghai CRED own two-thirds and one-third of Outback Beef, the company pursuing the purchase, respectively.

Read more...

Source: The Australian


Upcoming Events

Latest news

North Regional TAFE cookery students join renowned chefs in kitchen

  Last week North Regional TAFE's Commercial Cookery students were be given the opportunity to work shoulder to shoulder with world class chefs to put on one of WA's most exclusive pop-up dining experiences, presented by Fervor. Students studying locally in Broome and students travelling all the way from One Arm Point, ca...

Read More

Articles via RSS rss

Sign Up for the latest news & events

Does your business attract, recruit and retain staff by offering employment or work experience to young Aboriginal employees?
CLICK HERE to become a Working Together Employer of Choice.

 

Members

We are located at:

6 Napier Tce
(behind the Westpac bank)
Broome
WA 6725

Chamber office hours

Monday: 10am - 3pm
Tuesday: 10am - 2pm
Wednesday: 10am - 3pm
Thursday: 10am - 2pm
Friday: 10am - 2pm

Please ring for an appointment

Phone

(08) 9193 5553

After Hours

0410 967 509