Investment Opps

RIO has announced it will strengthen its portfolio by divesting non-core assets, including Australian coal assets for $4.2b US. Part of these proceeds will be returned through the launch of an off-market buy-back tender targeting up to 41.2 million Rio Tinto Limited shares (approximately A$2.7 billion1 (US$1.9 billion2)) with the balance of proceeds being allocated to further on-market purchases of Rio Tinto plc shares. 

Transurban is undertaking an accelerated renounceable pro-rata entitlement offer (with retail entitlements trading) to raise approximately A$4.2 billion (the “Entitlement Offer”).

Northern Star Resources (NST) is pleased to announce that is has successfully completed an institutional placement to raise ~A$175 million through the issue of ~26.1 million new shares.

31st August 2018

Afterpay Touch Group Limited (Afterpay) is pleased to advise that it has successfully completed a fully underwritten institutional Placement to eligible investors, raising $117 million to fund Afterpay’s international expansion strategy.