Business Services Industry
Valad is in the money.
Australasian Business Intelligence, June, 2007
Byline: Robert Harley
Jun 27, 2007 (The Australian Financial Review - ABIX via COMTEX) -- Macquarie Bank, UBS and JP Morgan are handling Valad Property Group's non-renounceable entitlement offer and its upcoming retail offer. Over the three days to 28 June 2007, Valad has raised $A1.03 billion from institutional investors to fund its acquisition of Scarborough Property Group. John Richmond of Merrill Lynch has suggested that Valad could potentially use the $A2 billion purchase of Scarborough to acquire the assets of Crownstone European Properties. Valad holds an option to purchase the Crownstone assets in 2011.
Publication Date: 28 June 2007
VALAD PROPERTY GROUP - ASX VPG
SCARBOROUGH PROPERTY GROUP PLC
MACQUARIE BANK LIMITED - ASX...
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