EQT Holdings: Raises $90m for AET acquisition

EQT Holdings Raises $90m for AET acquisition

• EQT Holdings (EQT) successfully completes a placement and institutional entitlement offer and raises $90 million
• The placement raised roughly $40 million while the institutional entitlement offer raised the remaining $49 million
• EQT will now undertake a retail entitlement offer to raise a further $35 million, bringing the total amount raised to $125 million
• The money from the equity raising will be used to fund the acquisition of Australian Executor Trustees (AET) and pay associated transaction and integration costs
• EQT ends the day a slight 0.52 per cent in the red to close at $25.12