Australia's Maas Group climbs on ACCC nod for construction material ops sale

MAAS group

31/07/2026 04:26

** Shares of Maas Group Holdings MGH.AX rise as much as 5.7% to A$5.2, on track for its steepest intraday pct gain since July 13
** Australia's competition regulator approves acquisition of real estate firm's construction materials business by Heidelberg Materials Australia Holdings 
** Deal is subject to conditions that Heidelberg divest three concrete plants and a quarry across Queensland and New South Wales
** The Australian Competition and Consumer Commission says that without conditions, acquisition could substantially lessen competition in the supply of ready-mix concrete in the Illawarra region of New South Wales and Blackwater, others
** Stock down 9% YTD, including the session's moves
     

 (Reporting by Anjali Singh in Bengaluru)
 ((anjali.singh2@thomsonreuters.com;))