Coronado’s Czech suitor studying more steel, power acquisitions
Peter KerResources reporter
Sev.en Global Investments’ raid on a majority shareholding in coal miner Coronado Global Resources could soon be followed by the acquisition of more Australian power generation and steelmaking assets.
Speaking after striking a deal to buy 51 per cent of Coronado on Tuesday, Sev.en chief executive Alan Svoboda said the Czech group, which is majority owned by billionaire Pavel Tykac, wanted to continue buying unloved assets in stable jurisdictions like Australia.
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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
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