Australia Kidman bid: Gina Rinehart and Shanghai CRED make new offer

Australia Kidman bid: Gina Rinehart and Shanghai CRED make new offer
 

Australia's richest woman Gina Rinehart has teamed up with a Chinese company to bid for the country's largest private landholding, the Kidman estate.
The A$365m ($276.8m, £222.8m) offer would see Rinehart's Hancock Prospecting hold 67%, with the rest held by Chinese firm Shanghai CRED.
The bid hopes to overcome government concerns about foreign investment.
Previous Chinese-led bids were blocked by the government, which cited national security concerns.
Treasurer Scott Morrison said the sale of Kidman's vast holdings to Chinese buyers was not in the national interest.
The landholding - with... read more

 
10 October 2016 in Business, Views: 45
Source: BBC
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