Fairvest: Millions raised to repay debt

FAIRVEST yesterday raised R137 million to repay debt facilities used to fund acquisitions. The money was raised through the placement of 71.8m linked units at 191c each. When the placement was opened yesterday, the company said it had commitments for most of it. Fairvest shares on the JSE closed yesterday at R2.15, unchanged from Wednesday’s close. – Roy Cokayne