SYDNEY: Australian brewer Foster's Group Ltd said yesterday it would receive around A$1.5bil gross proceeds from its pubs spin-off after its institutional book building closed at A$2.50 per share.
Around 352.5 million shares in the pubs unit will list on the Australia Stock Exchange on Nov 7, making it the second-biggest float in Australia this year behind the A$1.9bil float of insurer Promina Group Ltd.
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