Sev.en Global Investments Completes Acquisition of Delta Group
Sev.en Global Investments ("Sev.en") is pleased to announce the completion of the acquisition of Delta Electricity Pty Ltd (“Delta”), the parent company of the Vales Point Power Station and the Chain Valley Colliery in New South Wales. The 100% equity acquisition of Delta Electricity and its related subsidiaries, was completed on 15 December 2022 following all conditions precedent being met, including the granting of the necessary state and federal government approvals.
On the acquisition of Delta, Chief Executive of Sev.en Global Investments, Mr Alan Svoboda said:
“Delta is an important part of our growth plans in Australia. The positive work culture and quality of the assets aligns with our investment objectives of adding further generation capacity to our Australian portfolio. In doing so, Sev.en is also uniquely positioned to maximise the benefit to local communities as dedicated long-term investor and operator. We are committed to support the energy transition by providing reliable power supply and backup capacity as needed. Sev.en is further expanding our presence in the region as we expand our local team with the necessary expertise required to be successful in Australia.”
Read the Sev.en Global Investments media release.