GMG News: Australia's Goodman Group raising $2.54 billion to fund data centre growth - 19th Feb 2025, 8:35am

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By Scott Murdoch

SYDNEY (Reuters) -Australian property and logistics company Goodman Group said on Wednesday it is raising A$4 billion ($2.54 billion) in a share placement to fund its data centre business growth plans.

The Sydney-headquartered firm will issue 119.42 million shares at A$33.5 each, it said in a regulatory filing.

The deal is the largest capital raising in Australia in more than three years since CSL raised A$6.3 billion in December 2021, according to Dealogic data.

The price i...

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