MORE details of the proposed sale by tender of Australia's biggest privately owned agricultural landholder - S. Kidman and Company - are now likely to be released in early June.
An information memorandum providing a detailed financial and operational appraisal of the pastoral empire founded by 'cattle king' Sir Sidney Kidman had been expected in May, but sources involved with the company said it was now expected during the next two weeks.
Business advisory firm Ernst and Young is managing the tender through its Adelaide office.
Kidman family shareholders, who hold 98 per cent of the South Australian-based beef cattle production business, last month opted to formally test the level of serious investment interest in the 116-year-old business.
Current signals point to hot local and overseas inquiry for quality Australian agricultural assets, particularly in the rejuvenated beef sector.
Kidman and Company is understood to have had unofficial offers from aspiring buyers or partners in the past year.
Many in the extended family descended from Sir Sidney have other investments in Australian agriculture and elsewhere and some are keen to sell so they can convert their long-term capital gains into cash to support their various investments.
However, the decision to sell has not been unanimous and shareholders are exercising caution about how any eventual sale process will be handled.
S. Kidman and Company has 11 cattle station aggregations and a feedlot covering more than 100,000 square kilometres in SA, Western Australia and Queensland, with many holdings owned by the business for more than a century.
The business turns off an average equivalent of 15,000 tonnes of carcase beef each year.
Its portfolio includes the world's largest cattle property, Anna Creek Station in SA, which covers 23,000 square kilometres.
Other SA holdings are "Innamincka, "Macumba" and "Tungali", plus "Durham Downs", "Durrie", "Glengyle", "Morney Plains", "Naryilco" and "Rockybank" in Queensland, Helen Springs Station in the Northern Territory and Ruby Plains Station in Western Australia.
The debt-free business will be offered in its entirety as a going concern, including stock, plant and property.