Seven Group extends Nexus Energy loan as takeover sweats approval

By Angela Macdonald-Smith
Updated October 31 2014 - 4:13pm, first published 3:36pm
Takeover of Nexus yet to be approved: Seven Group CEO Don Voelte. Photo: Rob Homer
Takeover of Nexus yet to be approved: Seven Group CEO Don Voelte. Photo: Rob Homer
Seven has placed a near-zero value on shares of debt-laden oil and gas explorer Nexus Energy. Photo: Jessica Shapiro
Seven has placed a near-zero value on shares of debt-laden oil and gas explorer Nexus Energy. Photo: Jessica Shapiro
Takeover of Nexus yet to be approved: Seven Group CEO Don Voelte. Photo: Rob Homer
Takeover of Nexus yet to be approved: Seven Group CEO Don Voelte. Photo: Rob Homer
Takeover of Nexus yet to be approved: Seven Group CEO Don Voelte. Photo: Rob Homer
Takeover of Nexus yet to be approved: Seven Group CEO Don Voelte. Photo: Rob Homer
Takeover of Nexus yet to be approved: Seven Group CEO Don Voelte. Photo: Rob Homer
Takeover of Nexus yet to be approved: Seven Group CEO Don Voelte. Photo: Rob Homer

Seven Group Holdings has extended a $165 million loan to Nexus Energy for two weeks as it continues to seek regulatory approval for the troubled takeover of the debt-laden oil and gas explorer.

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