Australian graziers outbid Rinehart for Kidman cattle empire

An all-Australian syndicate has made a $386 million bid for the Kidman cattle empire, trumping that of mining magnate Gina Rinehart and her Chinese joint venture partner.The offer by four families with extensive livestock and transport operations is unconditional and is more than the joint bid by Ms Rinehart’s Hancock Prospecting and Shanghai CRED. The tycoons hoping to outbid Rinehart There are now five Australian outback dynasties vying for the sprawling S Kidman and Co properties, and a conclusion to the highly political 18-month saga could be just months away. “We have developed a compelling and…

Source: Beef Cattle
Australian graziers outbid Rinehart for Kidman cattle empire