Australia's EQT Holdings falls on selling Irish business for 'nominal sum'

EQT Holdings

17/10/2023 05:22

** Shares of EQT Holdings  EQT.AX  fall as much as 5% to
A$24.190 - their lowest since Jan. 18
    ** Co reaches agreement to sell its Irish business for a
"nominal sum"
    ** While sale price has not resulted in a premium, it will
improve co's profitability and EPS from completion - EQT
    ** Co had announced a review of its investments in the UK
and Ireland in June
    ** Stock up 1.6% this year, as of last close

 (Reporting by Sherin Sunny in Bengaluru)
 ((sherin.sunny@thomsonreuters.com))