Further to our report yesterday, Macquarie has successfully completed its AUD 400m ($288m) capital raising by selling 5 million new shares, to help it pay for its acquisition of ﻿ANZ's Esanda dealer finance business. The deal is expected to close in the second half of this year, with Macquarie's retail banking business remaining a separate entity from the rest of the bank.
Further to our report yesterday, Macquarie has successfully completed its AUD 400m ($288m) capital raising by selling 5 million new shares, to help it pay for its acquisition of ﻿ANZ's Esanda dealer finance business. "The placement was significantly oversubscribed receiving strong support from existing and new investors both in domestic and international markets", said Patrick Upfold, Macquarie's CFO.