Aussie co Civmec rises on $13 million deal to buy Luerssen Australia

Civmec

26/06/2025 02:34

** Civmec CVL.AX rises as much as 5.7% to A$1.115, highest since February 13

** Stock set for best day since late May

** Shipbuilder enters deal to buy Luerssen Australia for A$20 mln ($13 mln), enhancing ability to deliver end-to-end naval shipbuilding solutions

** CVL last up 3.8%, cuts YTD losses to ~14%

($1 = A$1.5349)

 (Reporting by John Biju in Bengaluru)

 ((John.Biju@thomsonreuters.com;))