CAPITAL MARKETS

Quick cash for Cockatoo

COCKATOO Coal has raised $A112.7 million from institutional investors to help fund its share of a $580 million consortium bid to acquire five undeveloped Australian coal leases from Anglo American Metallurgical Coal.

Blair Price

Quick cash for Cockatoo

The institutional placement raised $56.9 million at 45c for each new Cockatoo share. Another $55.8 million was raised under the institutional entitlement offer and shortfall bookbuild. About 266 million...

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