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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Metcash reportedly warned on food business

Metcash have reportedly been warned they should consider reassessing the viability of their food distribution business. The move would boost margins for retail partners and de-risk the business, Credit Suisse analyst Grant Saligari reportedly told clients this week, according to a report in The Sydney Morning Herald. It comes after Metcash lost their long-standing supply

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