Macquarie Group Limited has announced a $400m AUD Institutional Placement to provide capital for the acquisition of the Esanda dealer finance portfolio from ANZ Ltd. The Placement will be conducted by Institutional bookbuild. A Share Purchase Plan (SPP) will be offered to Eligible shareholders.
The Institutional Bookbuild will result in 5 Million new fully paid ordinary shares at the price of $80 each. Joint Lead Managers and Bookrunners are Macquarie Capital (Australia) Ltd, JP Morgan Australia Ltd, and Merrill Lynch Equities (Australia) Ltd.
Details of the SPP will be announced following the 1H16 result announcement on 30 October 2015.
