News

Green light for Kidman offer

09/12/2016

The Australian government has approved the sale of cattle company S Kidman & Co to a consortium led by Gina Rinehart, the country’s richest woman. The consortium, made up of Ms Rinehart’s company Hancock Prospecting and Chinese developer Shanghai CRED, submitted a bid of A$386.5 million ($288.2 million) in October. Australian treasurer Scott...

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