DataRoom AM: Voelte boomerang

Don Voelte's Seven Group reportedly lobs a bid for his old stomping ground Nexus Energy, while a last-minute hitch holds up Woodside’s Leviathan deal.

There was a degree of confusion as to why Don Voelte stepped down from his role as chairman of Nexus Energy, but it has been cleared up now. The former Woodside Petroleum boss is believed to be orchestrating a stingy bid for control of Nexus via Seven Group, the firm he now leads -- and his position is pretty strong.

Elsewhere, a last minute hitch holds up Woodside’s Leviathan deal, Transurban buys the Cross City Tunnel, Lend Lease mulls a $1 billion property offload and $2bn worth of gas assets are put on the market in Western Australia.


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