Bechtel Australia, the biggest shareholder in Nexus Energy, has questioned Seven Group chief executive Don Voelte on his performance as Nexus chairman in the lead-up to his resignation and Seven’s subsequent bid.
In a letter to Mr Voelte obtained by The Australian, Bechtel chief executive Andrew Greig says the 2c per share bid materially undervalues the company and recent events around Nexus raise questions about how confident ASX investors can be about adherence to corporate governance principals.
