Seven Group eyes Nexus for takeover

Company News

by Lelde Smitts

Nexus Energy Limited (ASX:NXS) has addressed speculation Seven Group Holdings Limited (ASX:SVW) is considering a potential $200 million takeover of the company. 
Nexus has confirmed it has held talks with Seven Group but says no deal has been done and affirmed there is no certainty one will occur. 
The clarification comes after Nexus’ former chairman Don Voelte stepped down last month to avoid potential conflict of interest with his role as CEO of Seven Group.  
Nexus says it will continue to keep the market informed as it remains in a trading halt to consider the suspension at the Longtom offshore gas-processing facility.
Nexus Energy reported a net loss of $150 million in the first half of the 2014 financial year.

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