Genesis announces $400m capital raise
Details of discounted placement and rights issue come with record half-year profit.
Genesis said the capital raise would allow it to accelerate its growth opportunities.
Electricity generator and retailer Genesis Energy has followed its competitor Contact in announcing record half-year profits and a capital raise to reduce net debt.
In a statement to the NZX, Genesis said it will raise $400 million through a $100m placement to institutions and a $300m pro rata
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