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Yesterday The Australian reported that the Kerry Stokes-controlled Seven bought 37.8 million Drillsearch shares in a deal executed by Deutsche Bank.
"The additional slice of stock was bought at $1.15 per share and has sparked expectations Seven Group intends to mount a takeover for the energy minnow," the newspaper reported.
"Sources said the seller was an institutional investor."
The report did not mention the new total stake Seven owned of Drillsearch, and there has been no stock exchange announcement from Drillsearch on the matter either.
Bloomberg data still has Seven's stake of Drillsearch at 8.01% - the percentage Seven climbed to through a transaction last month.
"The most recent public filing on the Seven holding was the substantial holder notice filed with the ASX late on 26th March," A Drillsearch spokesman told ENP.
"Nothing to add further to that. No comment on The Australian piece."
ENP has also sought comment from Seven.
