- TREASURER Scott Morrison has approved the sale of the S. Kidman & Co, with some of the land and cattle empire to go to Gina Rinehart’s company.
Mr Morrison announced on Friday the largest station in the Kidman group, Anna Creek and its outstation The Peake, will be acquired by a neighbouring farming family — the Williams.
The rest will be acquired by Outback Beef, which is majority owned by Rinehart’s Hancock Beef with a minority interest held by a Chinese partner.
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Gina Rinehart comments on the sale of the S Kidman & Co. station