Freedom Foods Group (ASX:FNP) secures $265m rescue package

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English - May 24, 2021 01:00 - 1000 KB
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24 May 2021 - Healthy eating company Freedom Foods Group (ASX:FNP) has successfully secured a $265 million rescue package through an equity raising to stage the company’s financial comeback. The capital raise consisted of an oversubscribed institutional issuance and a private offer to Freedom Foods’ major shareholder Arrovest.