Australia's LendLease Group rises on exiting international operations

Lendlease

01/01/2025 23:51

** Shares of LendLease Group  LLC.AX  rise as much as 2.9%
to A$6.410, their highest since Dec. 18
    ** Construction co exits international operations via sale
of its U.K. construction arm to Atlas Holdings
    ** Co to receive 35 mln pounds ($43.80 mln) in cash,
including 10 mln pounds deferred until June 2026, subject to
completion adjustments
    ** Sale accelerates progress to further simplify group and
focus on growth of Australian operations and international
investments platform - LLC
    ** Stock posts its biggest intraday pct gain since Dec. 23
    ** Stock fell 16.6% last year to post its fifth straight
annual loss
    ($1 = 0.7992 pounds)

 (Reporting by Kumar Tanishk in Bengaluru)
 ((Tanishk.Kumar@thomsonreuters.com;))