Australia's COG Financial Services hits over 17-year high on raising Fleet Network stake

COG Financial Services

09/10/2025 02:23

** Shares of COG Financial Services COG.AX rise as much as 16.7% to A$2.45, their highest point since August 28, 2008

** The finance broker aggregator buys an additional 14.1% interest in Fleet Network, a salary packaging business

** Deal value of A$23.9 million ($15.76 million) to be 5.1% accretive to FY25 statutory earnings per share adjusted

** YTD, shares up 139.8%

   ($1 = 1.5161 Australian dollars)

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))