The saga of the sale of the world's largest land owner and cattle producer, Stanbroke Pastoral Company, by beleaguered financial company AMP continues to follow an intriguing path. Despite court proceedings instituted by Australia's Australian Agricultural Co, a losing bidder in the tender battle for Stanbroke, and Australia's second biggest cattle company, a consortium of local cattle identities, Nebo Holdings and Investments were able to wrest control of Stanbroke. Nebo Holdings and Investments paid $490 million (US$380 million) for the 11.7 million hectares of  land including 27 working cattle properties and 480,000 head of cattle spread throughout Northern Territory and Queensland, following a five-month tender period.

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