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Ridley Secures $99M to Acquire Dyno Nobel’s Fertiliser Distribution Arm
2:41am on Monday 2nd of June, 2025 AEST
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Agriculture
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Ridley Secures $99M to Acquire Dyno Nobel’s Fertiliser Distribution Arm
2:41am on Monday 2nd of June, 2025 AEST
Key Points
Raised $99 million via institutional placement and entitlement offer
Funds to partly finance $300 million acquisition of Dyno Nobel’s fertiliser distribution business
Strong institutional investor support with 99% take-up rate
Approximately 47 million new shares to be issued at $2.12 each
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