middle.news
Magellan Raises $130M to Boost Barrenjoey Merger Ambitions
9:52am on Tuesday 3rd of March, 2026 AEDT
•
Financial Services
Read Story
Magellan Raises $130M to Boost Barrenjoey Merger Ambitions
9:52am on Tuesday 3rd of March, 2026 AEDT
Key Points
Raised $130 million via placement of 15.4 million shares at $8.45 each
Strong demand from both existing and new institutional investors
Funds to acquire an additional ~10% economic interest in Barrenjoey from Barclays affiliate
Non-underwritten $20 million Share Purchase Plan offered to eligible shareholders
Read Story
middle.
Tap to Read
Tap the card to read the full analysis
about
Magellan Financial (ASX:MFG)
OPEN ARTICLE