ASX-listed Straker Translations jumps on Belgian co buy

Arbitr

04/01/2022 01:17

** ASX-listed shares of NZ-based Straker Translations Ltd
 STG.AX  climbs as much as 9.7% to A$1.7, their biggest intraday
 gain since May 31 
    ** Translation service provider says it will buy
Belgium-based translation service provider IDEST
Communications urn:newsml:reuters.com:*:nASX79gn7Q
    ** The deal is for initial consideration of EUR1.75 mln
($1.98 mln)
    ** Co says the move will help expand its presence in
European market 
    ** Stock hits highest since nov 26 


($1 = 0.8845 euros)

 (Reporting by Navya Mittal)
 ((Navya.Mittal@thomsonreuters.com;))