WHILE record rainfall changes the financial landscape for Australia's biggest cotton irrigator Cubbie Station in south-east Queensland, it hasn't yet changed the interest from potential investors.
Qatar's Hassad Food has confirmed that it talked through a proposal to buy the 92,000-hectare operation as early as 15 months ago – well before it was officially on the market – but is no longer interested, according to The Australian Financial Review.
Hassad chairman Mohammed Fhaid Al Hajri sent a full team to investigate. "They came especially from Qatar to Cubbie to see its potential," Mr Al Hajri said.
"But that team said it was not a 'go' because the property was dictated for cotton and would not fit within Hassad's strategy."
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