Australia's Richest woman Gina Rinehart raises offer for Kidman estate

Australia's richest woman Gina Rinehart and her Chinese partners have raised their bid for the country's largest private landholding, the Kidman estate.

Kidman & Co

Founded in 1899

101,411

sq/km of overall territory

• 77,300 sq/km to be sold
  
• 1% of Australia to change hands
  
• 15,000 tonnes of beef carcass shipped globally per year
  

The sale of the Kidman estate, which comprises farms the size of South Korea, has highlighted the concerns over the sale of Australian assets to Chinese investors.

The landholding - with its 10 cattle ranches, a bull breeding stud and a feed lot covering 101,411 sq km (39,155 sq miles) in four states - encompasses about 1.3% of the Australian continent

The new offer of 386.5m Australian dollars ($295m; £241.4m) comes after an all-Australian Counterbid had topped Rinehart's initial bid for A$365 Million