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flag An Argentinian firm bought a large Australian cattle station for over $40 million, planning crop diversification.

flag An Argentinian company, Cross Pacific Investments backed by the Buratovich family, has bought Aroona Station, a 147,510-hectare cattle property near Katherine in the Northern Territory, for over $40 million. flag The purchase, which includes a 15,000-head Brahman herd and extensive infrastructure, adds to the company’s holdings exceeding one million acres across the NT. flag The property, previously owned by Gina Rinehart, is now set to be diversified with fodder crops and cotton, supported by a recent land clearing permit for nearly 4,000 hectares. flag The sale, listed by Colliers, reflects growing foreign investment in the region’s agricultural sector.

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