Saturday, 7 May 2016

Talking Point: Kidman farms sale snag

The Mercury:

"However, the Government supported the Foreign Investment Review Board recommendation to block the sale. FIRB cited concern about the portion of Anna Creek Station within the occasional use “green zone” of the Woomera Prohibited Area, and the sheer size of the area in the portfolio. Anna Creek, the world’s largest cattle station, covers 23,677 square kilometres, about a quarter of the Kidman landholding.

As a result, the owners removed Anna Creek from the overall sale and listed it separately. They made it clear it would be listed for sale at the same time as the remainder of the business went to market. A deal was done with a Chinese investor to sell the portfolio, excluding Anna Creek."



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