Metcash successfully raise $300 million

Wholesaler Metcash has successfully raised $300 million in capital by selling off 107 million new shares. The shares were placed up for sale yesterday at a discounted price of $2.80, down 7.9% on the $3.04 at the ASX close of trade on Friday, when the sale was announced. The new shares were quickly snapped up […]

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Kaufland to exit Australia

German supermarket giant Kaufland are set to exit Australia. The retail giant, who are the world’s fourth largest, made the shock announcement yesterday. The company employ 200 Australians and had purchased multiple properties in the gear up to their launch – which included plans to open at least 20 stores, initially across Victoria, South Australia

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