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Boral

December 2024

Cement Australia has bought BGC’s cement division after trumping competitors including Seven Group

Stokes’ Seven misses out on BGC cement deal

Kerry Stokes’ Seven Group was the underbidder in the auction for the cement business owned by the late Len Buckeridge.

  • Mark Wembridge

November 2024

Wes Maas at the Maas Group’s company headquarters in Dubbo. It announced on November 28 the acquisition of three businesses - Cleary Bros in NSW, Capital Asphalt in the ACT and a quarry and land holding just outside of Melbourne.

One of the few remaining building groups on the ASX hits the gas

Maas Group was founded by former Rabbitohs player Wes Maas two decades ago. With three acquisitions in one day, it is turbocharging its expansion plans.

  • Simon Evans
Joe Bartolo, founder and CEO of civil construction and heavy equipment hire group Symal.

From one wheelbarrow and a ute to a $437m ASX listing

Symal Group founder Joe Bartolo started from humble beginnings in 2001 to build his construction group into a large enough player to float on the exchange this year.

  • Simon Evans

October 2024

Irish giant CRH has been a major player in the wave of consolidation sweeping Australian construction and building groups.

Irish giant CRH to buy CPE Capital-backed concrete infrastructure biz

Civilmart is the country’s No.2 manufacturer of concrete pipes and precast products, backed by John Haddock’s buyout firm CPE Capital. 

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Percy Allan.

Leading financial reformer Percy Allan dies aged 78

Allan worked under some of the most prominent political figures in NSW, including Labor premiers Neville Wran and Bob Carr, and as a key reformist under Liberal premier Nick Greiner.

  • Andrew Clark
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September 2024

Boral chief executive Vik Bansal has also been chairman of ASX-listed LGI for two years. The stock is up 83 per cent since its IPO.

Investors in Vik Bansal’s biogas side hustle are up 85pc

The Boral CEO is also chairman of ASX-listed biogas group LGI, which has 32 waste landfill sites and supplies electricity into the grid when returns are highest.

  • Simon Evans
Ryan Stokes’ frustration at Seven West Media’s headlines has grown.

Seven West Media stokes tension behind the scenes at Seven Group

The broadcasting and publishing empire accounts for just 0.6 per cent of the broader conglomerate’s total assets. It accounts for much more of its problems.

  • Sam Buckingham-Jones

August 2024

Ryan Stokes has the Seven Group sailing ahead.

Winners from profit season’s big Wednesday

All eyes were on CBA’s monster numbers, but Seven Group Holdings and AGL also delivered nice profit growth – and Pro Medicus impressed yet again.

  • James Thomson and Anthony Macdonald

July 2024

The ACCC’s new target | What makes an elite CEO | Earnings season predictions

This week on the Chanticleer podcast, Anthony and special guest companies editor Vesna Poljak look at the ACCC’s latest target, discuss what makes an elite CEO, and make some predictions on earnings season.

The chairman and his CEO: Ryan Stokes, Boral’s chairman, has retained CEO Vik Bansal for the company’s next chapter inside Seven Group.

To back Vik Bansal, you have to buy into the Seven dream

Boral’s gone from the ASX, but not forgotten. It’s tucked up inside Seven Group’s portfolio and still one of Australia’s turnaround stories to watch.

  • Anthony Macdonald

June 2024

Housing construction has slowed substantially amid high interest rates and cost-of-living pressures.

$11b swoop on ASX building giants leaves James Hardie the lone prize

The CSR, Boral and Adbri buyouts come at a low point in the construction cycle, with better times expected from mid-2025 once interest rate cuts arrive.

  • Simon Evans

April 2024

Cleanaway chief executive Mark Schubert.

Seven Group says talk of Cleanaway buyout ‘completely untrue’

Shares in Australia’s largest waste collection company surged 15.8 per cent, to a two-year-high, after reports that the conglomerate was contemplating a bid.

  • Simon Evans
Holes in the business case: Lutum’s directors said last month quality problems with the tile business they acquired lost them market share in NSW.

Building materials supplier Lutum goes into administration

The move by directors to try and salvage the Boral spinoff shows casualties in Australia’s precarious home-building sector have spread well beyond builders.

  • Michael Bleby and Simon Evans
Seven Group CEO Ryan Stokes has got his prize.

Seven’s Boral sweetener lets everyone claim victory

A new dividend and some peacemaking by Ryan Stokes has sealed Seven’s takeover of Boral. 

  • Updated
  • James Thomson
Kerry Stokes

Seven’s new Boral bid; Mercedes mortgage pain; $77m Toorak double deal

Read everything that’s happened in the news so far today.

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Ryan Stokes, son of billionaire Kerry Stokes, is chairman of Boral and also the CEO of Seven Group Holdings.

Kerry Stokes’ Seven rains dividends to win over Boral

The independent directors of the cement group are now recommending shareholders accept the revamped $1.9 billion bid, with one-off dividends attached.

  • Simon Evans

Why Paradice is backing Seven Group’s bid for Boral

Mid-cap investor Jovana Gagic says Kerry Stokes’ conglomerate has a good track record in buying controlling stakes, and reveals why she’s bullish on Orica and Pro Medicus.

  • Joanne Tran
Seven Group chief executive Ryan Stokes, who is also the chairman of Boral.

Grant Samuel concedes it got Boral valuation wrong in win for Stokes

But the building materials group’s independent directors are still recommending shareholders reject a $1.9 billion takeover offer lobbed by Seven Group.

  • Updated
  • Simon Evans

March 2024

Seven Group CEO Ryan Stokes is also chairman of Boral.

Seven starts throwing haymakers to get Boral bid moving

An independent expert’s report is the tip of the iceberg in the battle for Boral. The fight is ramping up.

  • Updated
  • Anthony Macdonald
The Australian Financial Review Banking Summit with James Thomson, senior Chanticleer columnist, and Ross McEwan, CEO, National Australia Bank.

Bankers’ housing alert; Lew’s $3b bet; PwC’s power players

Read everything that’s happened in the news so far today.

Original URL: https://www.afr.com/company/bld-af