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Article: Selling off the farm.
- Article from:
- Australasian Business Intelligence
- Article date:
- April 4, 2003
CopyrightCOPYRIGHT 2003 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Apr 04, 2003 (The Courier-Mail - ABIX via COMTEX)
Australian financial institution, AMP, is selling its pastoral assets, held by Stanbroke Pastoral Company. Stanbroke is Australia's largest landholder, owning an area equivalent to 6.7 per cent of the whole state of Queensland. Its interests encompass 11.7 million hectares of cattle country stretching from the Northern Territory across northern Australia into Queensland's Channel country. The company's 27 cattle stations were put on the market in early April 2003. The only major group to publicly express interest so far is the Australian Agricultural Company, but many smaller players are also expected to be ...