EQT Holdings Raises $90m for AET acquisition
- EQT Holdings (EQT) successfully completes a placement and institutional entitlement offer and raises $90 million
- The placement raised roughly $40 million while the institutional entitlement offer raised the remaining $49 million
- EQT will now undertake a retail entitlement offer to raise a further $35 million, bringing the total amount raised to $125 million
- The money from the equity raising will be used to fund the acquisition of Australian Executor Trustees (AET) and pay associated transaction and integration costs
- EQT ends the day a slight 0.52 per cent in the red to close at $25.12
