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Australian outback scions bid A$386m for Kidman

Proposal from BBHO trumps offer from billionaire Gina Rinehart and her Chinese business partner for one of the country's largest beef producers
Monday, October 24, 2016 - 05:50

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BBHO's offer, which is conditional on the group acquiring at least 90 per cent of Kidman shares, is for the entire Kidman business, including the defence-sensitive Anna Creek ranch.

Sydney

A GROUP of outback scions has bid A$386 million (S$409 million) for all the shares of S Kidman & Co, trumping an offer from billionaire Gina Rinehart and her Chinese business partner for one of Australia's largest beef producers.

The group, known as BBHO - an acronym

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