Australia's Dexus falls to more than one-month low on legal woes

Dexus

22/05/2025 03:50

** Dexus DXS.AX falls 3.3% to A$6.98, lowest since April 11

** Stock set for biggest intraday pct drop since December 30, 2024

** Real asset manager files case against board of Australia Pacific Airports Corporation (APAC), which owns Melbourne and Launceston airports

** Case to contest APAC's notice last week, alleging breach of confidentiality agreements related to Dexus's 27% stake in APAC held through Dexus Bloc

** Dexus may be forced to sell its stake in Melbourne Airport if complaint upheld

** YTD, DSX gains 5.1%

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))