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

Broome celebrates small business at awards

Broome's small business community gathered last night to celebrate their achievements in a glittering award ceremony at the Mangrove Hotel. Hosted by GWN7 news anchor Noel Brunning, the event was attended by 140 local business members.   HOME BASED BUSINESS  HIGHLY COMMENDED:  Hats By Felicity
Growing on ...

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