Australian Agricultural Company Limited
(ASX:AAC) says it still hopes to sell its Brighton Downs Station after it was passed in at auction yesterday for $10.25 million.
Managing Director David Farley says negotiations are continuing with interested parties for the 420,000 hectare station near Winton.
AACo listed Brighton Downs for sale last month as part of the company’s strategy to focus its assets in Northern Australia.
Brighton Downs was put on the market in 2010, but was also passed in at the time.
The latest news comes after the company exchanged a contract for the $23 million sale of three Queensland properties earlier this week.
AACo posted a net loss of $8.4 million for its 2012 financial year and has advised its financial year end is changing to March 31.
