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In April 2011, Seven Media Group was acquired by West Australian Newspapers to create Seven West Media. [14] SGH remains Seven West Media's largest shareholder, with a 40.2% stake. [15] In July 2021, Seven Group Holdings took 70% ownership in construction materials company Boral. [16] It gained full ownership of Boral in July 2024. [17]
The Seven Network began as a group of independent stations in Sydney, Melbourne, Brisbane, Adelaide and Perth. [10] HSV-7 Melbourne, licensed to The Herald and Weekly Times Ltd (owners of two local papers at the time, The Herald and The Sun), was the first station in the country to use the VHF7 frequency.
In May 2021, Seven Group Holdings launched a takeover offer. [12] In June 2021, Boral sold its United States operations to Westlake Chemical. [13] In July 2021, Seven gained control of Boral with a 70% shareholding. [14] In February 2024, Seven Group Holdings launched a takeover offer for the remainder of the shares it did not own. [15]
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On 25 October 2017, Seven Group Holdings acquired the remaining 53% from The Carlyle Group as well as from minority owners. [5] Seven Group Holdings had first invested in Coates, alongside The Carlyle Group and management in 2008 through its WesTrac subsidiary. [6] [7] On 10 June 2021, the company rebranded from Coates Hire to Coates.
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