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Hancock Prospecting chair Gina Rinehart.

Rinehart lifts Kidman bid to $386.5m

Gina Rinehart and Shanghai CRED’s joint venture has proposed a counter-bid to that of the all-Australian consortium competing for the Kidman cattle empire, and says Hancock Prospecting would wholly acquire the target if foreign investment approvals aren't awarded.

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Comments

Ho Chi Minh
The Kidman cattle empire is an Australian icon, and must remain that way. If Gina Rhinehart wants to buy it, then she can do so on her own, without Chinese interests, but the company must not be sold into overseas interests. Gina has shown her colours in the past and she will continue on that path in the future.

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Revenue

1st-Hancock Prospecting$6.04bn
2nd-Roy Hill Holdings$3.84bn
3rd-BGC Australia$2.50bn
4th↑Wilson Parking$1.15bn
5th↑Quadrant Energy$1.02bn
113 private companies - large ranked by revenue most recent financial year

Year established in WA

18th-Piacentini & Son1944
19th-D'Orsogna1949
21st-Hancock Prospecting1955
22nd-Floveyor1958
42 WA business dynasties ranked by year established in WA

Number of Employees

Private Companies - Large

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