Metroglass floats $244.2M of shares

Date: 8 July 2014
Source: www.3news.co.nz

Date: 8 July 2014

By Paul McBeth - Metro Performance Glass, which has more than half the New Zealand glass processing market, will raise $244.2 million in an initial public offer, almost all of which will go to its owners who have spent $40M since taking control.

The Auckland-based company will sell 143.7M shares at $1.70 apiece, according to a prospectus lodged with the Companies Office today.Read more: http://www.3news.co.nz/Metroglass-floats-2442M-of-shares/tabid/421/articleID/351736/Default.aspx#ixzz36lxJp7rbBy Paul McBeth - Metro Performance Glass, which has more than half the New Zealand glass processing market, will raise $244.2 million in an initial public offer, almost all of which will go to its owners who have spent $40M since taking control.  

The Auckland-based company will sell 143.7M shares at $1.70 apiece, according to a prospectus lodged with the Companies Office today.



Read more: http://www.3news.co.nz/Metroglass-floats-2442M-of-shares/tabid/421/articleID/351736/Default.aspx#ixzz36lxJp7rb
600450 Metroglass floats $244.2M of shares glassonweb.com

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