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Bank of Queensland Limited (ASX:BOQ) has raised a total of $400 million in a series of share sales to both retail and industrial investors.
The bookbuild will fund the bank’s acquisition of Investec Australia’s specialist finance and leasing business which cost $440 million.
The acquisition and share offering comes in the wake of increased first half profits.
Bank of Queensland made a net profit of $135 million in the first half of the year to the end of February.
News: BOQ raises funds for acquisition
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Last
$6.92 |
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-0.020(0.29%) |
Mkt cap ! $4.266B | |||
| Open | High | Low | Value | Volume |
| $6.93 | $6.93 | $6.87 | $4.527M | 656.0K |
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| No. | Vol. | Price($) |
|---|---|---|
| 38 | 22478 | $6.91 |
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| Price($) | Vol. | No. |
|---|---|---|
| $6.92 | 33448 | 14 |
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