AUSTRALIA: Cabonne raises A$8m in rights issue
Cabonne, the Australian winemaker, announced today that it had raised A$8.09m through a renounceable rights issue of ordinary shares. The company also plans to raise another A$12.5m with a placement of converting preference shares to exploit a strong demand in sales.
The success of the rights issue, the company said today, reflected the appreciation of the progress made by the company on its strategy of becoming a fully integrated multi-branded wine company with established international distribution channels.
The International Wine Investment Fund will be subscribing and/or underwriting the converting preference share placement to the extent of A$9m, Cabonne said.
- Most Valuable Spirits Brands in 2017 - The facts
- Most Valuable Beer Brands in 2017 - The facts
- Travel Retail needs a disruptor - Comment
- What the future looks like for Australian wine
- Interview, Fever-Tree's founders
- Diageo ready to lock horns with AB InBev in Africa
- Heineken sees Tesco pull SKUs in UK
- Coca-Cola Co announces senior executive shake-up
- Fever-Tree eyes bumper NPD, pack formats for 2017
- Heineken mulls M&A with $1.75bn notes issue
- Central and East Europe Report Package
- Battle of the Generations - The fight for iGen, Millennial, Gen X and Baby Boomer consumers
- Global vodka insights - market forecasts, product innovation and consumer trends
- Global Scotch insights - market forecasts, product innovation and consumer trends
- Global liqueurs insights - market forecasts, product innovation and consumer trends research