18
Jan
05:05
Nickel Industries to raise cash for asset purchases
Australia’s Nickel Industries on Wednesday announced a $471 million capital raise plan for the acquisition of 10% interests in two nickel plants in Indonesia. The investment is subject to shareholder approval, Kallanish notes.
The equity raise mainly comprises a $185m fully underwritten institutional placement and a $270m placement to Newstride or its nominee.
The binding agreements with Shanghai Decent Investment (Group) Co., Ltd, a unit of the …
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Very good overview of the weekly steel market.
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