Australia's COG Financial gains on buying salary packaging business

COG Financial Services

03/09/2025 01:50

** COG Financial Services COG.AX rises as much as 7.1% to A$1.875, highest since August 5

** Finance broker aggregator's unit Paywise inks deal to buy salary packaging business, Easifleet

** Says deal worth A$40 million (~$26 million)

** CEO says after acquisition, Paywise now holds contracts with Western Australia, Tasmania and Queensland among others

** COG gains more than 87%

($1 = A$1.5389)

 (Reporting by Rajasik Mukherjee in Bengaluru)

 ((Rajasik.Mukherjee@thomsonreuters.com))