Australia's Lendlease slumps on uncertainty over Italy property sale
02/10/2026 03:00
BUZZ-Australia's Lendlease slumps on uncertainty over Italy property sale ** Shares of Lendlease LLC.AX fall as much as 5.5% to A$2.57, their biggest intraday pct drop since Aug 17
** Co says deal to sell interest in the development rights to the Milano Santa Giulia mixed-use development (MSG North) has been extended
** Says closing of deal remains uncertain, Lendlease would also likely fund project obligations of A$160 million ($110.6 million) in 1H27 if sale does not complete
** YTD, shares down 48.4%
($1 = 1.4465 Australian dollars)
(Reporting by Nichiket Sunil in Bengaluru)
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