Australia's Dexus drops on allegations of leaking confidential deal information

Dexus

16/05/2025 03:41

** Shares of Dexus DXS.AX slip 3.4% to A$7.120, among biggest percentage losers in benchmark ASX200 index .AXJO

** Stock set for its worst week since early December 2024

** Dexus manages a group of investors, Dexus Bloc, who collectively own a 27% stake in Australia Pacific Airports Corporation (APAC)

** Co says it has been accused by the APAC Board of sharing confidential information during sale process of Dexus Bloc's shares

** DXS disputes the validity of the allegations and pledges to defend its position

** Stock up 6.1%, YTD

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))