Tom Brinkworth eyes S. Kidman cattle empire
Tom Brinkworth, one of Australia's wealthiest graziers, is reportedly casting his eye over the country's largest land holder, S. Kidman & Co.
Tom Brinkworth, who owns 100 rural properties across Australia for the production of cattle and sheep, has frequently been compared to the famous cattle king Sidney Kidman.
The S.Kidman & Co business, which covers almost 11 million hectares of cattle stations – including the world's largest, Anna Creek in SA, was placed on the market in April this year with accounting firm EY.
The Australian Financial Review reported Tom Brinkworth would not be drawn on details, but had said the overall portfolio of properties may be too big for him.
"It would be a very big undertaking," he told the Financial Review whose Street Talk column say the Kidman company has enlisted independent corporate advisory firm Leadenhall to value the business after CBRE valued the properties.
S Kidman is said to be worth at least $325 million.
Ernst and Young Adelaide is running the sale sending the information memorandum to prospective buyers last month.
Meanwhile Macquarie Group's Paraway Pastoral and the Menagazzo family's Stanbroke Pastoral have both submitted bids for an entire portfolio of agricultural land owned by BG Group's Queensland Gas Company.
The 40 properties in Queensland's coal seam gas country, from west of Chinchilla to south-west of Dalby, is a 67,000-hectare portfolio offered on a long-term lease basis.