Ingenia Communities Group set to raise $131.1 million to fund acquisitions

Company News

by Rachael Jones

Ingenia Communities Group (ASX:INA) hopes to raise $131.1 million to fund acquisitions and accelerate growth.

The majority of the funds raised will be used to grow the Group’s lifestyle and holidays portfolio through the acquisition of six assets , including three established communities.

The identified acquisitions have a total purchase price of approximately $102.7 million.

Shares in Ingenia Communities Group (ASX:INA) last traded at $4.05.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.