Offer from mining magnate Rinehart and Chinese partner bettered by four-family consortium bidding $386m for Australia’s largest private landholding
A quartet of Australian grazier families has offered a $386m bid for the S Kidman and Co land sale, bettering an offer from mining boss Gina Rinehart and her Chinese partner Shanghai CRED.
Tom Brinkworth, Sterling Buntine, Malcolm Harris and Viv Oldfield have said under their offer, Kidman would stay wholly Australian owned, the sale would not require approval from the foreign investment review board, and they would triple the size of the cattle herd marketed under the Kidman name.
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Source: Guardian Environment