Australia's NTAW Holdings hits record low on termination of distribution deals

NTAW Holdings

08/01/2025 23:58

** Shares of NTAW Holdings  NTD.AX  fall as much as 25% to a
record low of A$0.195
    ** Stock on track for its worst day since Dec. 18, 2024, if
current losses hold
    ** Tire and wheel distributor says it has received
termination notices for Dunlop distribution agreements with
Goodyear units
    ** Says termination notices come after the sale of Dunlop
brands by parent company Goodyear Tire & Rubber Co  GT.O  to
Sumitomo Rubber Industries (SRI)  5110.T  
    ** Co will engage with Goodyear ANZ and SRI in relation to
future distribution of Dunlop branded tires in Australia and New
Zealand  
    ** More than 567,700 shares change hands, compared with the
30-day average volume of 198,322 

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