Gina Rinehart buys Kidman empire

Gina Rinehart has bought the Kidman empire for $365 million.  She will hold two thirds and Chinese company Shanghai CRED Real Estate Stock will hold one third share in the joint venture. 

The Kidman's portfolio covers 19 individual properties operated as 12 enterprises, including ten cattle stations, a bull breeding stud farm and a feedlot.

http://www.theage.com.au/business/property/gina-rinehart-buys-australias-largest-cattle-station-company-s-kidman--co-20161009-grycif.html

I think this is a very clever move and opens the door for her to sell her beef to China.  

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The all-Australian BBHO consortium has withdrawn its bid for the S Kidman and Co cattle empire. ABC

:( Sad.

Sure looks as if she is going out of Mining

Wonder if this bid will be approved ... as a third is still Chinese.

I take my hat off to BBHO. Sad day but let's hope Gina and her mob does not sell us out.

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