Transfield prices infrastructure fund at top
The Australian operations and maintenance company raises A$285 million from the spin-off of its infrastructure assets.
Transfield Services priced its offering of shares in a new infrastructure fund at the top of guidance yesterday, raising A$285 million $235 million from institutional and retail shareholders in a lightening-speed bookbuild exercise.
ôIt became very clear early in the peace that the deal was going to be oversubscribed by multiples,ö says a source close to the offering. ôInvestors were hoovering up the shares at such a rate. There is going to be a lot of friction over who gets...
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