Australia's Asciano lifts size of equity raising

Tue Jun 16, 2009 7:39pm EDT
 
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SYDNEY, June 17 (Reuters) - Australian rail and ports operator Asciano Ltd (AIO.AX) has increased the total size of its capital raising to A$2.35 billion ($1.85 billion), the company said in a statement on Wednesday.

Asciano said it has received a total commitment of A$1.92 billion from institutional investors.

On Monday, Asciano launched a A$2.0 billion capital raising to repay debts, rejecting takeover offers from private equity firms. [ID:nSYD422113].

For a full statement, see here urn:newsml:reuters.com:20090617:ASX_3A319315 ($1=A$1.27)

(Reporting by Denny Thomas;) ((denny.thomas@reuters.com; +61 2 9373 1812; Reuters Messaging: denny.thomas.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))

 

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