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May 11, 2020

Incitec Pivot in $675m fundraising drive

Incitec Pivot in $675m fundraising drive

Phosphate Hill mine owner Incitec Pivot has launched a $675 million capital-raising drive. The industrial explosives, chemicals and fertiliser-maker describes it as pre-emptive action to increase resilience and provide financial flexibility to pursue growth opportunities. The company is undertaking a fully underwritten institutional placement of shares to raise $600 million and a non-underwritten share purchase…

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