Billionaire Rinehart puts Aussie beef assets up for sale

SYDNEY: Mining billionaire Gina Rinehart plans to sell a portfolio of seven cattle stations in Australia, looking to cash in on her investment in the properties amid strong global beef demand.

Hancock Agriculture, a unit of Rinehart’s broader Hancock Prospecting Pty Ltd empire, and joint venture partner S Kidman & Co are marketing the portfolio through rural real estate specialist Elders, and expect strong demand from domestic and international investors.

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