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Seven ups WAN stake to 16.1%

SEVEN Network Ltd has increased its stake in potential takeover target West Australian Newspapers Holdings Ltd. Seven has lifted its holding to 16.1 per cent, from just over 15 per cent, according to a substantial shareholding notice lodged today with the Australian Securities Exchange. The commercial television operator in April bumped up its stake to just over 15 per cent, from 14.9 per cent in October.

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