Boral Limited (AU:BLD) has released an update.
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Seven Group Holdings Limited (SGH) and its subsidiaries, as substantial holders, have increased their voting power in Boral Limited from 89.98% to 91.50% through the acquisition of shares related to a takeover offer and the disposal of shares linked to exchangeable notes. The changes occurred between the 27th and 30th of May, 2024, with SGH now holding a direct interest in over 990 million Boral shares. The news indicates a significant consolidation of SGH’s influence over Boral Limited, potentially affecting Boral’s stock performance and strategic direction.
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