Rinehart to buy Kidman outright if FIRB blocks $386.5m new offer

Andrew Marshall
Updated October 28 2016 - 11:33am, first published October 27 2016 - 5:30pm
Billionaire Gina Rinehart is determined to buy S. Kidman and Company in her own right if regulatory authorities are uneasy about Australian Outback Beef's joint venture partner, Shanghai CRED, being involved in the sale.
Billionaire Gina Rinehart is determined to buy S. Kidman and Company in her own right if regulatory authorities are uneasy about Australian Outback Beef's joint venture partner, Shanghai CRED, being involved in the sale.

The board of iconic pastoral business S. Kidman and Company has unanimously recommended shareholders accept an increased $386.5 million bid from Gina Rinehart’s Australian Outback Beef (AOB) joint venture.

Andrew Marshall

Andrew Marshall

National agribusiness writer

Andrew Marshall is the group agribusiness writer for ACM's state agricultural weeklies and websites. He is a former editor at The Land and has worked in various Rural Press group roles in Canberra, North Richmond (NSW) and Toowoomba (Qld).

Get the latest QLD news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.