The Kerry Stokes-controlled Seven Group sold 11.1 million shares in building materials giant Boral, netting around $54 million. The sale represents around one per cent of Boral and leaves Seven Group with about 71 per cent and control. That update stated that its earnings before interest and tax for the second half were ahead of the year's first half and were expected to remain so for the full financial year.
The Kerry Stokes-controlled Seven Group sold 11.1 million shares in building materials giant Boral, netting around $54 million.
The sale represents around one per cent of Boral and leaves Seven Group with about 71 per cent and control. That update stated that its earnings before interest and tax for the second half were ahead of the year's first half and were expected to remain so for the full financial year.
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