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DomaCom Looks Further Afield After Attempt to Buy S.Kidman
- Published February 08, 2016 11:46AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
8th February 2016, AFR By Matthew Cranston
DomaCom, the property crowd funding group which had hoped to buy Australia’s largest landholder S.Kidman, and list as a public company will now use the $58 million pledged to buy the iconic cattle station company to buy other farms across Australia.
DomaCom launched a $250 million crowd-funding campaign to buy the iconic pastoral empire S Kidman last year. The pitch targeted investors wanting to keep the Kidman station Australian-owned.
As many as 4000 investors have registered interest. DomaCom has not completely given up and could attract the support of other potential bidders such as transport magnate Lindsay Fox.
“We know Kidman is a long shot but it’s not just Kidman. Kidman is a poster boy but there is a shortage of money for agriculture across Australia,” DomaCom founder
DomaCom now has five opportunities that it is in advanced discussions on, including beef-cattle properties, dairies and a sheep-grazing property with locations spread as far as Queensland, NSW and Victoria.
To read the full article, please click here.
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