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Drought beats cotton giant Cubbie

Sydney : Australia | 28 days ago  
Views: 8
Cubbie Station sits on the upper reaches of the mighty Murray-Darling river system, and its water storage capacity is equal to that of Sydney Harbour. The move into administration means the massive cotton farm in southern Queensland could be snapped up for far less than the rumoured asking price of...
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  • News Source: Australian Broadcasting Corporation | 27 days ago
    Cubbie Station sits on the upper reaches of the mighty Murray-Darling river system, and its water storage capacity is equal to that of Sydney Harbour. The move into administration means the massive cotton farm in southern Queensland could be snapped...
  • News Source: Sydney Morning Herald | 28 days ago
    Australia's most famous cotton farm, Cubbie Station, could return to the Murray-Darling river system, after administrators were appointed to handle the affairs of the Queensland property. After months of trying to sell the massive station and its...
  • News Source: Australian Broadcasting Corporation | 28 days ago
    Australia's biggest cotton plantation, Cubbie Station, will go into voluntary administration tomorrow. McGrathNicol has been appointed administrator of the 93,000-hectare property in south-west Queensland. Cubbie Group chairman Keith De Lacy has...
  • News Source: The Daily Telegraph | 28 days ago
    Cubbie Group chairman Keith De Lacy said corporate recovery specialists McGrath Nicol had been appointed as administrators "in anticipation of the expiry of the company's funding facilities on October 30". "We have made this decision to allow...
  • News Source: The Age | 28 days ago
    Cubbie Group, which operates the 93,000-hectare south-west Queensland property, is negotiating with potential buyers after an international tender process. But it is understood none of the bids matched the price expected by the group, which has been...
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