MARKETS SPECTATOR: AACo sharpens its focus

Australian Agricultural Company hopes to sell a Queensland Cattle station for more than the $12.75 million so it can concentrate on its Northern Territory abattoir.

Brighton Downs, a 420,000-hectare cattle property and its 4,500 male cattle are on the market. Its owner, Australian Agricultural Company, is selling the station, which can run 9,000 head of cattle, on the channels of the Diamantina River in Queensland. Australia’s oldest company, established in 1824, is building Australia’s first abattoir outside the east coast in Darwin and wants to focus its business in the Northern Territory.    

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