September 25, 2009
AWB completes institutional equity raising
Australian agribusiness AWB Ltd. said Friday (September 25) it has successfully raised A$220 million (US$190.10 million) from institutions through the issue of 220 million new shares at A$1 each.
"The institutional offer was significantly oversubscribed with strong demand from both new and existing institutional shareholders," Managing Director Gordon Davis said in a statement.
A retail entitlement offer will open Oct. 2 and is expected to raise a further A$239 million.
US$1 = A$1.15 (Sep 25)
