お知らせ • Mar 11
SGH Holdings Reportedly Lines Up as Contender to Acquire Bingo Industries Billionaire Kerry Stokes' SGH Holdings (SGH Limited (ASX:SGH)) is believed to be lining up as a serious contender to acquire Bingo Industries (Bingo Industries Limited), as Macquarie Group prepares to test market interest for the troubled waste management business through a sale. DataRoom revealed this month that the waste management company was being put up for sale by MA Moelis for owner Macquarie, as Bingo wrestles with between $800 million and $1,000 million of debt. SGH Holdings, run by Kerry Stoke's son Ryan, is understood to see strong synergies between Bingo and Boral, the country's largest building materials provider, which sits within the overall SGH portfolio. Boral has a commanding market share in commercial construction, while Bingo's core business is handling waste from building sites and providing skip bin services. SGH, which is also bidding for BlueScope steel with Steel Dynamics, brings management expertise spanning both industries. Boral boss and SGH Group director Vik Bansal previously ran listed waste management company Cleanaway. Boral's chief operating officer Matt McKenzie also worked for Mr. Bansal at Cleanaway, where he was general manager of solids waste in NSW. Mr. McKenzie is viewed as a potential successor to Mr. Bansal at Boral when he steps back to focus on boardroom roles. Bingo's current chief executive, Kevin Gluskie, is a former top building materials executive, previously working as Heidelberg's Asia-Pacific executive director. DataRoom understands SGH's interest is at a price far lower than what Bingo owes its lenders. Yet a sale process could prove to be what Macquarie needs to convince lenders to take a haircut on their investment, particularly if offers come in short of what is owed. Sources believe other building materials operators are also keen to take a look at Bingo when an official sale process gets under way. Heidelberg, which recently purchased the Australian building materials portfolio from Maas Group for $1,700 million, is expected to be interested, along with CRH, which owns AdBri, and Saint Gobain. Cleanaway would at least examine the opportunity, having considered an acquisition of Bingo before it listed on the ASX in 2017. Expectations are that the situation plays out in a similar way to Healthscope, for which MA Moelis ran a sale process on behalf of client Brookfield. However, there were no buyers for Healthscope as a whole at a price that would clear debts and the business was placed into receivership. Bingo was purchased by Macquarie Asset Management in a $2,600 million buyout deal in 2021, but has been hammered by excessive debt, a construction market downturn and the departure of founding managing director Daniel Tartak after he was charged with criminal cartel offences. お知らせ • Feb 11
SGH Limited Announces Ordinary Dividend for the Six Months Period Ended December 31, 2025, Payable on April 09, 2026 SGH Limited announced the ordinary dividend of AUD 0.32000000 per share for the six months period ended December 31, 2025, payable on April 09, 2026. Record Date is on March 05, 2026 and Ex Date on March 04, 2026. Is the ordinary dividend/distribution fully franked: Yes. お知らせ • Jan 28
SGH Limited to Report First Half, 2026 Results on Feb 11, 2026 SGH Limited announced that they will report first half, 2026 results on Feb 11, 2026 お知らせ • Jan 19
SGH Limited to Report Fiscal Year 2026 Results on Aug 12, 2026 SGH Limited announced that they will report fiscal year 2026 results on Aug 12, 2026 お知らせ • Jan 05
SGH Limited (ASX:SGH) and Steel Dynamics, Inc. (NasdaqGS:STLD) signed an unsolicited, non-binding and indicative proposal to acquire BlueScope Steel Limited (ASX:BSL) for AUD 13.2 billion. SGH Limited (ASX:SGH) and Steel Dynamics, Inc. (NasdaqGS:STLD) signed an unsolicited, non-binding and indicative proposal to acquire BlueScope Steel Limited (ASX:BSL) for AUD 13.2 billion on December 12, 2025. A cash consideration of AUD 30 per share will be paid by SGH Limited and Steel Dynamics, Inc. The proposal would see SGH acquire all of BlueScope’s shares and then on-sell BlueScope’s North American businesses to Steel Dynamics. Both SGH and SDI will utilize this support to fund their respective transaction contribution through existing cash reserves and available debt financing.
The Indicative Proposal is subject to a number of conditions, including: exclusivity; due diligence; securing significant debt financing, no material adverse change in BlueScope’s business; a unanimous recommendation from the Board of BlueScope; approval of BlueScope shareholders; no further share buy-back being undertaken by BlueScope; final approval from the Boards of the respective Consortium members; and necessary regulatory approvals.
UBS acted as financial advisor for BlueScope Steel Limited. Herbert Smith Freehills Kramer acted as legal advisor for BlueScope Steel Limited. お知らせ • Oct 10
SGH Limited, Annual General Meeting, Nov 13, 2025 SGH Limited, Annual General Meeting, Nov 13, 2025. Location: at the kimpton margot hotel, 339 pitt street, nsw 2000, sydney Australia お知らせ • Jun 06
SGH Limited to Report Fiscal Year 2025 Results on Aug 12, 2025 SGH Limited announced that they will report fiscal year 2025 results on Aug 12, 2025 お知らせ • Nov 14
Seven Group Holdings Limited to Report First Half, 2025 Results on Feb 11, 2025 Seven Group Holdings Limited announced that they will report first half, 2025 results on Feb 11, 2025 お知らせ • Aug 14
Seven Group Holdings Limited, Annual General Meeting, Nov 14, 2024 Seven Group Holdings Limited, Annual General Meeting, Nov 14, 2024. お知らせ • Jul 05
Seven Group Holdings Limited (ASX:SVW) completed the acquisition of remaining 28.4% stake in Boral Limited (ASX:BLD). Seven Group Holdings Limited (ASX:SVW) made an offer to acquire remaining 28.4% stake in Boral Limited (ASX:BLD) for AUD 2 billion on February 19, 2024. Under the Merger Offer, SGH Bidder would acquire all of your Boral Shares for 0.1116 SGH Shares for each Boral Share and AUD 1.50 cash (the “Minimum Consideration”). The Merger Offer Consideration will increase by a further AUD 0.10 in cash if SGH Bidder reaches compulsory acquisition by achieving voting power of 90.6% or more. If both of these increases occur, SGH Bidder would acquire all of your Boral Shares for 0.1116 SGH Shares for each Boral Share and AUD 1.70 cash (the “Maximum Consideration”). The aggregate values of the Minimum Consideration and Maximum Consideration are AUD 6.05 and AUD 6.25 per Boral Share. SGH already has sufficient committed funding to make available to SGH Bidder to pay the Maximum Cash Offer Amount (and costs associated with the Offer) from a combination of SGH Group’s existing cash reserves (SGH has allocated cash of AUD 121 million out of its existing cash reserves for the purpose of partially funding the consideration under the Offer); committed and undrawn facilities under the SGH Corporate Loan Facility of AUD 765 million; AUD 240 million undrawn OEM facilities available to fund machines and rental equipment which are otherwise currently funded via the SGH Corporate Loan Facility; AUD 350 million undrawn master script loan agreements with three lenders of which AUD 200 million is currently permitted under the SGH Corporate Loan Facility with over AUD 1 billion of listed securities within the Group available to provide as security. SGH intends to enter into a transaction facility, SGH has received AUD 3 billion of “highly confident” commitments from domestic banks which are party to SGH’s current syndicated facility agreement, based on which it intends to enter into a new unsecured syndicated term loan bridge facility for up to AUD 400 million, to be provided to a related entity of SGH by a group of existing lenders to Corporate Loan Facility. The Board committee of Boral’s independent directors will communicate its recommended response to the SGH Offer in Boral’s Target’s Statement, which is expected to be dispatched to shareholders by March 19, 2024. The Target’s Statement will include an Independent Expert's Report opining on whether the Offer is fair and reasonable to Boral shareholders. At this stage, shareholders are advised to TAKE NO ACTION in response to the SGH Offer. The Offer scheduled to close on April 4, 2024. The Offer is not subject to any minimum acceptance condition. The Offer is only conditional upon the customary condition of no prescribed occurrences in relation to Boral. As of May 15, 2024, offer period extended to May 31, 2024. As of May 31, 2024 the offer period extended to June 28, 2024.Barrenjoey Advisory Pty Limited and Macquarie Securities (Australia) Ltd. acted as financial advisor, Herbert Smith Freehills acted as legal advisor and Boardroom Pty Limited acted as Transfer agent to Seven Group Holdings Limited and Allens acted as legal advisor and UBS Securities Australia Ltd financial advisor to Boral Limited. The fee for professional services paid or payable to Barrenjoey as financial adviser to SGH Bidder is up to AUD 3.5 million. The fee for professional services paid or payable to Macquarie Capital as financial adviser to SGH Bidder is up to AUD 3.5 million. The fee for professional services paid or payable to Herbert Smith Freehills as legal adviser to date is approximately AUD 450,000.Seven Group Holdings Limited (ASX:SVW) completed the acquisition of remaining 28.4% stake in Boral Limited (ASX:BLD) on July 4, 2024. お知らせ • Feb 19
Seven Group Holdings Limited (ASX:SVW) made an offer to acquire remaining 28.4% stake in Boral Limited (ASX:BLD) for AUD 2 billion Seven Group Holdings Limited (ASX:SVW) made an offer to acquire remaining 28.4% stake in Boral Limited (ASX:BLD) for AUD 2 billion on February 19, 2024. お知らせ • Dec 06
Atlas Copco AB (OM:ATCO A) completed the acquisition of Sykes Group Pty. Ltd. from Seven Group Holdings Limited (ASX:SVW). Atlas Copco AB (OM:ATCO A) agreed to acquire Sykes Group Pty. Ltd. from Seven Group Holdings Limited (ASX:SVW) on August 21, 2023. The business will become part of the Power and Flow Division within the Power Technique Business Area. Sykes has 123 employees globally and annual revenues of approximately AUD 65 million for the 12 months ending June 30, 2023. The acquisition is expected to close during the fourth quarter of 2023. Malika Chandrasegaran of Herbert Smith Freehills LLP acted as a legal advisor to Seven Group Holdings Limited.
Atlas Copco AB (OM:ATCO A) completed the acquisition of Sykes Group Pty. Ltd. from Seven Group Holdings Limited (ASX:SVW) on December 5, 2023. The business becomes part of the Power and Flow Division within the Power Technique Business Area.