Australia has blocked the sale to foreign entities of a cattle farming business that is one of the world’s largest private land holdings, ruling it was not in the national interest since part of the holdings are in a weapons testing area. S. Kidman and Co Ltd, which includes vast cattle farms with a combined area bigger than South Korea, is on the market with Chinese companies Genius Link Group and Shanghai Pengxin reportedly in a bidding war to secure the sprawling pastoral empire for up to A$350 million (US$249 million). But following concerns about valuable agricultural and mineral...
↧