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Tassal capital raising oversubscribed

Tassal Group shares have more than four per cent after the salmon farmer completed an $80 million capital raising to fund growth through an issue of shares to institutional investors

Tassal said the share placement, at a discounted price of $4.55 per share, was heavily oversubscribed and had attracted some new high-quality institutional investors.

Tassal shares were 21 cents, or 4.29 per cent, lower at $4.69 at 1012 AEDT.