Ex-bankers eye Bunnings' value

Trio of former Macquarie bankers buy into Wesfarmers' unique capital raising.

Three former Maquarie bankers have bought into a Wesfarmers (WES) capital raising worth $300 million, in a move to gain exposure to the group's Bunnings portfolio, The Australian Financial Review reports.

According to the newspaper, Allan Moss, Michael Carapiet and John Prendiville formed a consortium and purchased $17 million of the notes in the issue.

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