Augusta capital raise for air traffic control centre closes oversubscribed

Sun, 25 Mar 2018

By Sophie Boot March 26 (BusinessDesk) - Augusta Capital says the capital raising for its air traffic control centre in Christchurch has closed oversubscribed and it won't take up any units under its $15 million underwrite. The offer, of a single-asset fund to purchase the land for $20.5 million and develop an air traffic control centre to lease to Airways Corp for 25 years, "attracted very strong interest" and closed on March 23, Augusta said. Settlement will occur on March 29. Augusta said the raise "brings the total equity raised in...

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