Australia's DGL Group leaps to near-2 month high on buying logistics firm

DGL

19/01/2023 24:17

** Shares of DGL Group  DGL.AX  rise as much as 10.1% to
A$1.63, their highest since Nov. 25, 2022
    ** Chemicals manufacturer says it acquired Nightingale
Transport for A$18.2 mln ($12.64 mln)
    ** Deal expected to add to earnings immediately 
    ** Deal expands DGL's national logistics reach, allowing it
to enhance its offering to target industries - CEO Simon Henry
    ** Stock logs biggest intraday percentage gain since Dec.
22, 2022
    ** Stock up 5% YTD, as of last close 
($1 = 1.4401 Australian dollars)
 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))