Nick Scali Limited (AU:NCK) has released an update.
Nick Scali Limited, an Australian furniture company, has announced its strategic expansion into the UK market through the acquisition of Fabb Furniture. The deal is coupled with an equity raising effort consisting of a $46 million institutional share placement and a smaller, conditional placement with additional shares offered to eligible shareholders in Australia and New Zealand. This financial move aims to consolidate Nick Scali’s market position and fuel its international growth.
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