Seven Group Holdings
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| Company type | Public |
|---|---|
| ASX: SVW | |
| Industry | Media, Mining, Construction |
| Founded | 1956 |
| Website | www |
Seven Group Holdings Limited (SGH, formerly Seven Network Limited) is an Australian diversified operating and investment group in the media, mining and construction industries.[1]
History
In December 2006, company shareholders voted to spin off the company's 'old media' assets into a 50/50 joint venture with private equity firm Kohlberg Kravis Roberts (KKR), creating the Seven Media Group.[2]
On 22 February 2010, it was announced that WesTrac would merge with Seven Network Limited, and the combined entity was renamed "Seven Group Holdings".[3]
In April 2011, Seven Network, Pacific Magazines and Yahoo!7 were acquired by West Australian Newspapers Ltd to create Seven West Media Ltd.[4] Seven Group Holdings remains Seven West Media's largest shareholder, with a 33.2% stake.[5]
References
- ^ About Us: Seven West Media
- ^ [1][dead link]
- ^ "Seven Network and WesTrac to merge". News.smh.com.au. 22 February 2010. Retrieved 5 March 2012.
- ^ Burrell, Andrew (12 April 2011). "Kerry stoked by creation of Seven West Media giant". The Australian.
- ^ Our Investments: Seven West Media