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Babylon Pump & Power Ltd ( (AU:BPP) ) has shared an update.
Babylon Pump & Power Ltd has announced a $3.5 million accelerated non-renounceable pro-rata entitlement offer, allowing eligible shareholders to subscribe for new shares. The company is also negotiating the acquisition of Blue Hire and additional debt funding from National Australia Bank to support this acquisition and for working capital purposes. The entitlement offer is not expected to materially affect the control of Babylon.
The most recent analyst rating on (AU:BPP) stock is a Buy with a A$0.01 price target. To see the full list of analyst forecasts on Babylon Pump & Power Ltd stock, see the AU:BPP Stock Forecast page.
More about Babylon Pump & Power Ltd
Babylon Pump & Power Ltd operates in the equipment rental industry, focusing on water management, industrial services, and asset maintenance services for the resource sector in Australia.
Current Market Cap: A$15M
For detailed information about BPP stock, go to TipRanks’ Stock Analysis page.