Australian football icon Four n Twenty pies will join the likes of Tim Tams, Uncle Tobys, Fosters and RM Williams in being owned by a foreign conglomerate.
Regional Express (ASX:REX) raises $150M through PAG deal
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Regional Express (REX) has completed its investment transaction with PAG Regulus to raise up to $150 million
With a head office in Sydney, REX is Australia s largest independent regional and domestic airline
Regional will use the capital exclusively to fund its domestic operations
The first tranche of $50 million has already been drawn down, with secured convertible notes issued to PAG
The remaining balance of $100 million will be available for drawdown over three years
Meanwhile, Regional has appointed two new non-executive directors, Sid Khotkar and Lincoln Pan, to its board