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Newcastle Herald

Business

Madeline Link

Czech billionaire takes over Lake Macquarie's Vales Point Power Station

Delta Electricity Seven Electricity

Sev.en Global Investments has acquired Delta Electricity. Picture by Jonathan Carroll

CZECH billionaire Pavel Tykac's investment company Sev.en Global Investments (Sev.en) has successfully bought the Hunter Valley's Vales Point Power Station and Chain Valley Colliery from Delta Electricity.

The deal, reportedly worth $200 million, was finalised just days ago with state and federal government approval.

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