Investment group Seven Group Holdings (SGH) has announced that it has entered into a binding agreement to pay $517 million to acquire the remaining 53.3 per cent of securities in equipment hire company Coates Hire that it does not already own, from an affiliate of Carlyle Asia Partners II, a fund managed by The Carlyle Group, and minority owners.

Investment group to acquire Coates Hire

Seven Group Holdings has announced that it has entered into a binding agreement to pay $517 million to acquire the remaining 53.3 per cent of securities in equipment hire company Coates Hire that it does not already own, from an affiliate of Carlyle Asia Partners II, a fund managed by The Carlyle Group, and minority owners.
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