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Ridley Secures $125M to Back $300M Fertiliser Distribution Deal
8:41am on Wednesday 4th of June, 2025 AEST
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Agriculture
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Ridley Secures $125M to Back $300M Fertiliser Distribution Deal
8:41am on Wednesday 4th of June, 2025 AEST
Key Points
Retail entitlement offer raises approximately $26 million
Total capital raise reaches about $125 million including institutional placement
Funds to partly finance $300 million acquisition of Incitec Pivot fertiliser distribution
Retail take-up rate at 63% including top-up facility
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