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MFS Living and Leisure Group to raise AUS$175m
Australian property and equity manager MFS Living and Leisure Group is to offer 175 million new stapled securities at AUS$1 (0.41p, 0.60 euro, US$0.75) each in order to fund the acquisitions of both Oceanis Group – the world’s largest owner and operator of aquariums – and ski resort operator Australian Alpine Enterprises (AAE).
Marshall Vann, CEO of MFS, said: “The acquisitions of AAE and Oceanis will position MFS to become one of Australia’s leading leisure groups, with high quality assets and businesses.”
The AUS$150m (£61m, 89m euro, US$112m) Oceanis Group deal was announced in February this year. Details: www.mfsgroup.com.au