MARKETS

Stokes moves on Coates

KERRY Stokes-controlled Seven Group Holdings is buying out the remaining 53.3% of Gorgon equipment provider Coates Hire securities from Carlyle Asia Partners and other minority owners for $517 million.

Stokes moves on Coates

In doing so it's taking 100% ownership of Coates, having bought out nearly half of it in 2008, a move which will position both companies strongly across the oil and gas sector where both are heavily involved. ...

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