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Australian family office Cowes Bay takes 13% stake in Metroglass

The investment comes ahead of a planned $10m-$15m capital raise to help reduce debt.

Metroglass NZ has made a number of initiatives to improve operational performance and remove costs.

Listed glass manufacturer Metro Performance Glass has entered into a conditional agreement with Australian family office Cowes Bay to invest $1.9 million into the company for a 13% stake.

Under the agreement, Cowes Bay will subscribe for 27.8 million new shares in Metro at a price of seven cents per

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Fiona Rotherham Thu, 12 Sep 2024
Contact the Writer: fiona@nbr.co.nz
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Australian family office Cowes Bay takes 13% stake in Metroglass
Investment,
105820
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