Kerry Stokes' Seven Network has emerged as the surprise buyer of the 10.4 per cent stake in engineering and infrastructure company GRD Ltd that was sold early this week by GRD founder Brettney Fogarty.
Recently appointed chief executive of GRD, Cliff Lawrenson, has flagged some major moves ahead for the engineering and development group, including new acquisitions and a possible float of its Global Renewables business on London's AIM market.
