Business
Seven Group takes step closer to a seat at the Boral table – Sydney Morning Herald
Seven Group has moved a step closer to board representation at building materials giant Boral, after the company lifted its stake in Boral to 19.98 per cent.
Billionaire businessman Kerry Stokes’ Seven Group Holdings has moved a step closer to board representation at building materials giant Boral after the conglomerate lifted its stake in Boral to 19.98 per cent.
Seven Group increased its shareholding from 16.31 per cent shortly after Boral unveiled a $1.35 billion pre-tax impairment last month, mostly relating to its US operations. At the same time Boral chairman Kathryn Fagg told investors the company was in the process of “board renewal” and rec…
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