The billionaire Stokes family’s listed investment vehicle has taken an interest in the Whyalla steelworks, once owned by British industrialist Sanjeev Gupta and in the hands of administrators since the South Australian government moved in and seized control of the plant in February.
That interest from SGH Limited, a $20.6 billion conglomerate which owns Boral and other big industrial plays, came in the form of a recent visit to the steel mill north-west of Adelaide by chief executive Ryan Stokes and chief financial officer Richard Richards.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
