Woolworths take-up means no banks for Country Road
Australian clothing company Country Road has launched a A$92m ($96.8m) rights issue to fund the acquisition of local rival Witchery Group. But it has decided not to mandate banks for the deal, mainly because it can rely on a big take-up from its majority shareholder.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts