ABC Learning to raise A$82.2 mln in placement

Mon Jun 9, 2008 11:03pm EDT
 
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SYDNEY, June 10 (Reuters) - A.B.C. Learning Centres Ltd (ABS.AX), Australia's top childcare operator, said on Tuesday it has raised A$82.2 million ($78 million) by selling new shares to Morgan Stanley Private Equity Asia at A$1.15 a share.

Earlier, ABC shares were placed on trading halt ahead of a planned capital raising (see [nSYD82994]). ($1=A$1.05) (Reporting by Denny Thomas)

 
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