Business
Australia’s largest dairy operation broken up by Chinese owner in $62.5 million deal – ABC News
The Chinese owners of Australia’s largest dairy operation sell a dozen farms after a tumultuous few years.
The Chinese owners of Australia’s largest dairy operation have sold off a dozen farms after a tumultuous few years.
The $62.5 million deal will mean 5,000 cows and 2,200 hectares of prime dairy country in Tasmania’s far north-west is transferred to Melbourne-based asset manager Prime Value.
The sale marks a partial return to Australian ownership for the historic property, which was owned by a New Zealand council prior to its acquisition by Chinese businessman Xianfeng Lu in 2016.
Mr Lu said the…
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