News

South Canterbury on capital raising mission

Tuesday 13th of November 2007
The company has been on a capital-raising splurge. On Friday, it sold its 12.75% shareholding in Dairy Holdings to Southbury Group for $42m, for a capital profit of $40m.

Southbury is the investment company of Timaru tycoon Allan Hubbard, and owns 27% of South Canterbury.

The bond offer is expected to be underwritten up to $75m by Forsyth Barr.

The bonds will pay interest of 10.2...

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