Stokes’ Seven misses out on BGC cement deal

Mark WembridgeResources reporter

Dec 11, 2024 – 4.33pm

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Kerry Stokes’ Seven Group has missed out on a deal to expand its construction interests after BGC chose a different buyer for its cement division.

Seven Group had targeted the cement assets of West Australian-based BGC – part of the empire left by the late construction entrepreneur Len Buckeridge – to complement its $1.9 billion buyout of cement and asphalt group Boral.

Mark Wembridge covers resource companies for The Australian Financial Review, based in Perth. He formerly worked for the Financial Times in London and Hong Kong.