Australia's Soul Pattinson hits record high on $1.33 billion divestment of Brickworks assets

Goodman

18/06/2026 05:07

** Shares of Australia's Washington H. Soul Pattinson and Company SOL.AX rise as much as 2.9% to a record high of A$45.360 
** Stock heads for its biggest pct gain since April 8
** Australian investment firm is divesting properties of Brickworks' Industrial Joint Venture Trust to long-standing partner and digital infrastructure specialist Goodman Group GMG.AX 
** Deal for A$1.89 billion ($1.33 billion)
** SOL says sale, expected to be completed by late June, will let it free up cash
** SOL merged with Brickworks for $9.15 billion last year
** Stock up 20.30% YTD

($1 = 1.4209 Australian dollars)

 (Reporting by Shravya Marakini in Bengaluru)
 ((shravya.marakini@thomsonreuters.com))