NZ's Auckland Intl Airport to raise $861.8 million (updated)

Auckland International Airport

15/09/2024 22:16

(Adds details from paragraph 2 onwards)
       Sept 16 (Reuters) - New Zealand's Auckland International
Airport  AIA.NZ  said on Monday it will undertake an equity
raise of NZ$1.4 billion($861.8 million) for a planned capital
investment program.
    The equity raise comprises an underwritten placement of
NZ$1.2 billion and a non-underwritten retail offer to raise up
to NZ$200 million, the company said. 
        The placement is at an issue of NZ$6.95 per share,
representing a 7.8% discount to Auckland International Airport's
last closing price of NZ$7.54 on Friday.
  
        The airline operator also signed an NZ$800 million
contract on Monday with Downer EDI  DOW.AX 's unit, Hawkins
Limited, to manage the construction and delivery of a new
domestic jet terminal building. 
        The terminal will bring domestic and international
services under one roof.
  
        The contract, which is part of a NZ$2.2 billion new
domestic terminal build, will create around 2,500 jobs for the
country at peak, the company said.
  
        
  

($1 = 1.6244 New Zealand dollars)

 (Reporting by Sherin Sunny in Bengaluru; Editing by Lisa
Shumaker and Leslie Adler)
 ((Sherin.Sunny@thomsonreuters.com;))