Australia's OFX Group surges after initiating strategic review

OFX

05/02/2026 04:06

** Shares of OFX Group OFX.AX rise as much as 15.1% to A$0.553, their biggest intraday pct gain since May 19, 2025

** Shares hit highest level since Dec 16, 2025

** Finance co undertaking strategic review after receiving 'an increasing level of inbound inorganic interest'

** Appoints Goldman Sachs Australia as financial advisor for review, considering options including a potential sale

** Also reports 44% sequential non-FX revenue for the third quarter

** Announces CFO Selena Verth to leave firm

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))