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Seven Group Bolsters Stake in Boral Limited

Seven Group Bolsters Stake in Boral Limited

Seven Group Holdings Limited (AU:SVW) has released an update.

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Seven Group Holdings Limited (SGH) has increased its voting power in Boral Limited from 83.46% to 85.80% through the acquisition of additional shares, as per the latest substantial holding notice. The change occurred on May 1, 2024, following acceptances of a takeover offer made by SGH’s subsidiary, Network Investment Holdings Pty Limited. SGH now holds a significant stake in Boral, reflecting a strong position in the company’s ownership structure.

For further insights into AU:SVW stock, check out TipRanks’ Stock Analysis page.

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