ANZ achieves record retail raising

Posted on 10/06/2009  

The ANZ Bank has a $4.7 million "war chest" to pursue acquisitions after achieving a record $2.2 billion retail raising, says The Australian. The bank increased a $350 million share purchase plan almost seven-fold, the largest retail raising ever by an Australian corporate entity. The Australian says the ANZ share plan received "exceptional" interest from 178,000 retail shareholders and the bank has decided to accept all applications.

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