Darley Australia has signed an agreement to purchase the Bloodstock operations of Inghams Enterprises.
The purchase agreement is subject to approval by the Foreign Investment Review Board.
"The sale of the bloodstock business was not something I was contemplating," Bob Ingham said today. "Once approached by Darley, I decided it was an opportunity that I should accept.
"The sale is on a 'walk-in, walk-out' basis. I will however be keeping our racing colours and will continue to race horses.
"Not only is it in the long-term interest of the company, it also secures the continuation of the bloodstock business and the employment of the team. Further it takes the business under Darley, a global breeding and racing operation, into a new and exciting phase. It's a win-win for all parties," Mr Ingham said.
Announcing the purchase, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Darley's Principal said: "I have long admired the love Australians have for the horse and for racing. The Ingham family have made a significant contribution to Australian racing and to the thoroughbred and I am looking forward to building on their success. I am delighted to be making this commitment".
Media contact (Darley): Trent Mumford +61 412 115 400
Media contact (Ingham): Emma Norgrove +61 405 507 556
