Treasurer says $350m sale of S Kidman and Co would be against the national interest but will consider ‘future alternate proposals’ on their meritsScott Morrison has blocked the sale of Australia’s largest private landowner to foreign investors,an acquisition that was valued at more than $350m.
The treasurer said the acquisition of S Kidman and Co Limited, which holds approximately 1.3% of Australia’s total land area and 2.5% of its agricultural land, or would be against the national interest and he would not authorise the sale to proceed as proposed.
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Source: theguardian.com