SYDNEY, Oct 28 (Reuters) - Australia's richest woman Gina Rinehart and a Chinese partner look nearer to winning their bid for the country's largest private land holding, after a group of Australian cattlemen withdrew their bid, media reported on Friday.
The Australian Broadcasting Corporation said a rival A$386 million bid by four of Australia's wealthiest outback cattle families had been withdrawn.
Rinehart and Chinese developer Shanghai CRED had this week increased its bid to A$386.5 million ($295 million).
The fate of S. Kidman & Co, which runs cattle and pastoral activities on tracts of land the size of South Korea, has been a lightning rod for concerns about the sale of Australian agriculture and other key assets to foreign investors.
