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MGH — MAAS group News Story

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Australia's Maas Group touches record high on Firmus deal with Meta

BUZZ-Australia's Maas Group touches record high on Firmus deal with Meta

** Shares of real estate firm Maas GroupMGH.AX rise as much as 3.2% to A$7.090, a record high

** AI infrastructure co Firmus Technologies, which Maas Group has a near 3.2% stake in, inked agreements with Meta PlatformsMETA.O for graphics processing unit compute capacity at its AI data centres

** Firmus, which is backed by Nvidia and has OpenAI as an anchor customer, is prepping for a $5 billion initial public offering

** YTD, MGH shares up 29%


(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))

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