Subscribe to RSS feedAsciano ditches sale option for rights issue
by
Rob McKay
—
last modified
Jun 16, 2009 12:41 PM
Asciano will go to the market with a $2bn rights issue to reduce its $4.9bn debt burden, the ports and rail freight company said today.
Change of plan: Mark Rowsthorn
With $2.66bn of debt due to be paid down this financial year, the decision came after Asciano had examined a range of sale and recapitalisation offers.
"It's effectively at an end – there will be no sale," chief executive Mark...
This full article is available to Lloyd's List DCN subscribers only.
If you are already a subscriber, please sign in below.
If you're not a subscriber and would like to experience the full benefits of Lloyd's List DCN with a 14 day trial, please click here.
Alternatively, click here to subscribe.
| Tweet |
