BREAKFAST DEALS: Discovery disposal

Discovery Metals ruffles Cathay Fortune's feathers as it goes up for sale, while KKR's Seven West stake sale takes advantage of forex moves.

Discovery Metals has put itself up for sale, irritating suitor and major shareholder Cathay Fortune Corporation in the process. It was always going to be this way. Seven West Media has said hello to chief Tim Worner and goodbye to major shareholder Kohlberg Kravis Roberts, though the two are not related. Meanwhile, Tatts Group is thinking about Ireland, Stockland is raising at home and Nathan Tinkler is selling property in Queensland.

Discovery Metals, Cathay Fortune Corporation

There are a number of signs available for those interested to suggest that this is the last play left for Discovery Metals.


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