Business Services Industry
Kick-off for Hedley freehold pub float.
Australasian Business Intelligence, June, 2007
Byline: Ben Wilmot
Jun 06, 2007 (The Australian Financial Review - ABIX via COMTEX) -- Tom Hedley is continuing to expand his Australian pub empire by marketing his $A1.2 billion freehold property float. The raising will be underwritten by the ANZ Bank, ABN Amro and Bell Potter. The float's success will depend on the market perception of the covenants' quality. Hedley is seeking private investors as he wishes to retain complete control. The speculation on 6 June 2007 was that Hedley will acquire six more hotels in 2007 and that he is looking closely at Victorian properties.
Publication Date: 7 June 2007
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AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED - ASX ANZ
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