Morrison to rule on Hancock-Chinese bid for Kidman cattle empire
- Written by Michelle Grattan, Professorial Fellow, University of Canberra
Gina Rinehart has partnered with a Chinese company to buy the giant Kidman pastoral empire, after two previous bids by Chinese buyers were rejected by the federal government.
Under the proposed sale Hancock Prospecting and Shanghai CRED are forming a joint venture company, Australian Outback Beef (AOB), owned 67% by Hancock and 33% by Shanghai CRED....