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You are here: Home → Archive → 2009 → June → Weekly Edition 18th of June 2009 → Asciano banks on rights issue to deal with debt

Asciano banks on rights issue to deal with debt

by Rob McKay — last modified Jun 19, 2009 03:34 PM

ASCIANO was free to consider capital investments now that its debt concerns had been dealt with, chief executive Mark Rowsthorn said this week.

Mr Rowsthorn was speaking after the ports and rail freight company revealed that it would go to the market with a $2bn rights issue to reduce its $4.9bn debt burden.
The move would have a positive effect on capital expenditure,...

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