• Most Popular
  • Most Shared

Australia's Asciano lifts size of equity raising

Tue Jun 16, 2009 7:39pm EDT

Stocks

   

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))


More from Reuters

Photo

Personal spending and income rise in November

WASHINGTON (Reuters) - Consumer spending rose for a second straight month in November as incomes recorded their biggest gain in six months, data showed on Wednesday, boosting hopes of a self-sustaining economic recovery.

» More Top News
Malaysians participate in computer attack and defence hacking competition during The 3rd Annual Hack-In-The-Box Security Conference 2004 in Kuala Lumpur on October 6, 2004. REUTERS/Bazuki Muhammad
Commentary:

Year of the breach

Data security breaches are nasty business and should be avoided at all costs, writes Kevin Prince, a chief technology officer at Perimeter e-Security. Here's a look at the biggest breaches and blunders of 2009.  Commentary 

Technology
man walks past a stock quotation board displaying the Nikkei share average outside a brokerage in Tokyo June 1, 2009. REUTERS/Toru Hanai
Reuters Breakingviews:

Running out of options

Bad news for safety-oriented investors: the AAA debt market is shrinking, and what's left will leave many with less diversification and lower returns than they're used to, writes columnist Agnes Crane.  Commentary 

Reuters Breakingviews