Australia's NEXTDC to raise $419 mln to aid expansion

Kitco Media
By Reuters
Published:
Updated:
Reuters
May 11 (Reuters) - Australian data centre operator NEXTDC Ltd on Thursday disclosed intentions to raise about A$618 million ($419.19 million) to accelerate its expansion into Malaysia and New Zealand.


The company announced a one-for-eight entitlement offer priced at A$10.80 per share.
($1 = 1.4743 Australian dollars) (Reporting by Roushni Nair in Bengaluru; Editing by Shinjini Ganguli)

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