Village Roadshow to cut debt via Austereo float

By 2001-01-22T16:27:00

Australian entertainment conglomerate Village Roadshow Ltd (VRL) is expected to raise more than $222.5m (A$400m) from the partial float of its Austereo radio division, part of which will be used to reduce its $406m (A$730m) on and off balance sheet debt.

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