Chinese-led deal to buy Australia's biggest farming estate

A joint Chinese-Australian group has reached an agreement to buy Kidman & Co, Australia's biggest farming estate.

The deal, which values the firm at A$370.7m (£201m; $289m), still needs approval from Australian and Chinese regulatory bodies.

A takeover had previously been blocked by Australia's Foreign Investment Review Board (FIRB).

It was concerned that part of the property was inside a military weapons testing range in South Australia.

Kidman has since taken the Anna Creek farm out of the sale.


Dakang Australia is to acquire 80% of the farm, while local partner Australian Rural Capital (ARC) will take the remaining 20%.

The sale comprises of areas covering 77,300sq/km - equal to 1% of Australia or an area bigger than Ireland.



http://www.bbc.com/news/36079584

wonder how many years before Aussie land is officially all Chinese?

Brunei already owns a halal producing chunk larger than the native land

Awesome!
Koala of sum yung guy.

Can't wait to see the restaurant menus.

General Tso's Wallaby

Dingo Fried Rice

Kangaroo Chou Mein

The Chinese have been converting their USD into tangible assets for quite a while now.

They want a chair when the music stops.

Sweet and Sour Joey.

 

I've missed kangaroo meat since they cracked down on Jack in the box.

I think that was in a Heinlein book

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Does Nicole come with it, cause I've got like $200 to throw in on this deal if so.