WA's grain king John Nicoletti is believed to have emerged with a large portion of his former Merredin Farms portfolio, which has been broken up among six buyers.
Business News understands Saudi Agricultural and Livestock Investment Company and PenAgri have offloaded the 80,000-hectare Merredin Farms to a host of Wheatbelt farmers.
Saudi Agricultural and Livestock Investment Company is expected to invest heavily in a livestock and grain production operation in Western Australia's Wheatbelt, after settling on its acquisition of a 200,000-hectare parcel of land bought from the Nicoletti family.
