Orica raising up to $725M for digital acquisition

AS part of its plans to transform its business, explosives and chemicals maker Orica has just announced a A$725 million capital raising to underpin its purchase of digital orebody intelligence business Axis Mining Technology.

Orica raising up to $725M for digital acquisition Orica raising up to $725M for digital acquisition Orica raising up to $725M for digital acquisition Orica raising up to $725M for digital acquisition Orica raising up to $725M for digital acquisition

Orica is expanding its digital offerings

Orica has commitments for a $650 placement, and has opened a non-underwritten $75 million share purchase plan.
 
The raisings are priced at $16 per share, a 7% discount to its last traded price.

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