An undated supplied image of cattle at one of the Ord Valley Muster events near Kununurra in the East Kimberley.
An undated supplied image of cattle at one of the Ord Valley Muster events near Kununurra in the East Kimberley. AAP Image - Ord Valley Muster

Kidman sale knocked back as "not in national interest"

THE Federal Treasurer has all but knocked back the current proposal for the sale of Australia's largest cattle empire to a foreign-led consortium.

Scott Morrison said his "preliminary view" was that the deal to sell S. Kidman and Co. to Dakang Australia Holdings was "contrary to the national interest".

Earlier this month, Dakang lodged a $370 million bid to buy the company.

It came after Mr Morrison rejected an initial bid for Kidman by a related Chinese company, Pengxin Group.

The consortium had revised the deal to exclude Kidman's largest property, Anna Creek, in South Australia, which is located in a weapons testing range.

Read more at ABC News Online


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