Stokes, Forrest tipped to show interest in Rinehart cattle portfolio
Share
West Australian billionaires Kerry Stokes and Andrew Forrest and Saudi Arabia’s sovereign wealth fund are expected to join a “Melbourne Cup” line-up of potential bidders for a $300 million portfolio of cattle stations and livestock being taken to the market by Australia’s richest person, Gina Rinehart.
The portfolio of seven stations and one feedlot occupying around 1.876 million hectares of prime Western Australia and Northern Territory grazing country – an area one-and-a-half times bigger than Greater Sydney – was listed for sale on the weekend through rural specialists Elders.
Combined, the cluster of stations accounts for almost 20 per cent of the 10 million hectares of cattle country owned by Ms Rinehart’s Hancock Agriculture and S. Kidman and Co, which the mining magnate’s Hancock Prospecting majority owns in a joint venture with Chinese real estate conglomerate Shanghai CRED followin