Dairy

Bega seeks $200m fresh equity; Bell Potter on board

10 September 2018

Sarah Thompson & Anthony Macdonald, The Financial Review
10 September 2018

Bega Cheese Ltd is in front of investors seeking $200 million in fresh funds on Monday.

Stockbroker Bell Potter Securities was contacting fund managers on Monday morning to launch the offer.

The broker was calling for bids at $7.20 to $7.40 a share.

Funds raised were to strengthen the company’s sheet, with the offer to be done via a placement of new shares.

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