The Kerry Stokes-controlled Seven Group believes Boral's United States operations are a big drag on returns and will push for the US business to be sold off to return the company to a core focus on Australia.
Seven Group, which emerged with a 10 per cent stake in the beleaguered building materials company, also wants a strong say in who the next chief executive of Boral will be. Boral chief executive Mike Kane will exit by August.
Loading...
Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com