RSS Feed
April 22nd, 2013 
Peter Nolan
GAS distributor Envestra hopes to raise $240 million to expand infrastructure and deliver more gas.
The company has launched a share offer at 99 cents per share, to be taken up between April 22 and May 15.
Participation in the offer is open to all shareholders who were on the company’s register on April 8.
The company expects to spend $240 million upgrading old cast iron and steel mains and enhancing the capability of its networks.
Shareholders can place offers in bundles of between $1,000 and $15,000.
At 1417 AEST Envestra shares were flat at $1.03.
Views: 0
Posted in 
