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10 months ago
Australian-only bid for Kidman cattle empire pulls out, leaves Rinehart-China offer in box seat
October 10, 2016 / 2:52 AM / 10 months ago

Australian-only bid for Kidman cattle empire pulls out, leaves Rinehart-China offer in box seat

SYDNEY, Oct 10 (Reuters) - Australian company DomaCom has pulled out of a fund-raising effort to purchase S. Kidman and Co, the country's largest private land holding, chief executive Arthur Naoumidis told Reuters on Monday.

The decision removes a potential rival to a A$365 million ($276.78 million) joint bid lodged by Australia's richest woman, miner Gina Rinehart, and Chinese developer Shanghai CRED. (Reporting by Jonathan Barrett; Editing by Michael Perry)

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