Australia's Flight Centre raising A$180 mln to buy Britain's Scott Dunn

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Australia's Flight Centre Travel Group Ltd is raising A$180 million ($126.94 million) in one of the country's first major capital raisings of 2023 to buy British travel business Scott Dunn for A$211 million.

FILE PHOTO-A woman walks past a Flight Centre travel agency, following the coronavirus disease outbreak, in Chester, Britain, July 3, 2020. REUTERS/Molly Darlingtonis raising A$180 million in one of the country's first major capital raisings of 2023 to buy British travel business Scott Dunn for A$211 million.

Flight Centre is selling 12.3 million new shares at A$14.60 per share which is a 7.8% discount to the stock's closing price on Monday. A retail investor share purchase plan will also aim to raise up to $A40 million, the company said in its filings.

Source: News Formal (newsformal.com)

 

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