Seven Network chairman Kerry Stokes is speculated to be behind the latest purchase of a parcel of Consolidated Media Holdings shares valued at $28 million as James Packer confirms he has lifted his stake in the company to nearly 41 per cent.
The James Packer-backed unit trust Ellerston GEMS Fund has acquired a 50 per cent stake in the commercial and mining construction business of Subiaco-based Arccon WA Pty Ltd, an affiliate of building company Zorzi Group.
