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Topco Secures $1.4 Billion Funding Milestone Ahead of Soul Patts-Brickworks Merger
9:59am on Monday 7th of July, 2025 AEST
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Industrial Conglomerates
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Topco Secures $1.4 Billion Funding Milestone Ahead of Soul Patts-Brickworks Merger
9:59am on Monday 7th of July, 2025 AEST
Key Points
Topco raises $1.4 billion through fully underwritten equity placements
Funding to reduce Brickworks’ debt and address Soul Patts’ convertible bond
Placement accelerated due to strong investor demand
No additional shares needed ahead of shareholder scheme votes
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Washington H. Soul Pattinson and Company (ASX:SOL)
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