Seven Group Holdings cuts stake in PRT

Ironwood

Seven Group Holdings said it has reduced its stake on PRT from a major shareholder to a minority position.

The disclosure was made in a filing said it sold about 41,700,434 ordinary shares.

Seven Group Holdings Limited (SGH) is a leading Australian diversified operating and investment group with market leading businesses and investments in industrial services and media.

In industrial services, WesTrac Group is the sole authorised Caterpillar dealer in Western Australia, New South Wales and the Australian Capital Territory in Australia, and in North Eastern China territories. WesTrac Group is one of Caterpillar’s top five dealers globally (by sales value).

SGH Energy is developing an expanding presence in oil and gas projects in Australia and the United States.

SGH also owns AllightSykes, a supplier of lighting towers, generators and pumps, and has a 45 percent shareholding in Coates Hire, Australia’s largest equipment hire business.

In media, SGH has a 41% shareholding in Seven West Media, Australia’s largest multiple platform media company, including the Seven Network, West Australian Newspapers, Presto, Pacific Magazines and Yahoo!7.

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