Australia's Cuscal hits record high as regulator clears Indue acquisition

Cuscal

24/10/2025 24:58

** Shares of Cuscal  CCL.AX rise as much as 2.4% to A$4.23, hitting a record high

** Australia's competition watchdog said it will not oppose co's proposed acquisition of payment facilitation supplier Indue Ltd

** The Australian Competition and Consumer Commission says transaction is "unlikely to substantially lessen competition"

** ACCC found that Cuscal and Indue each offer a broader range of payment facilitation services than most of their competitors

** Cuscal, in a separate statement, welcomed the decision

** Stock up 85% YTD, as of last close

(Reporting by Shivangi Lahiri in Bengaluru)

((shivangi.lahiri@thomsonreuters.com))