NZ's Auckland International Airport hits near 2-year low on discounted placement

Auckland International Airport

17/09/2024 01:35

** Shares of Auckland International Airport  AIA.NZ  fall as
much as 6.2% to NZ$7.07, their lowest level since Oct 17, 2022
    ** Airport operator says NZ$1.2 bln ($742.80 mln) placement
fully subscribed
    ** Placement was part of equity raise of NZ$1.4 bln
announced on Monday - co
    ** Says placement issue price of NZ$6.95 per share
represented a 7.8% discount to stock's last close on Friday
    ** Stock had fallen 14.3% this year, as of last close

($1 = 1.6155 New Zealand dollars)

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))