Australia's PeopleIN rises to nearly 3-week high on divesting units

PeopleIn

19/12/2025 01:19

** PeopleIN PPE.AX rises as much as 7.1% at A$0.9, highest since December 1

** Shares post biggest intraday pct gain since November 27

** Co to divest units operating its health and aged care staffing businesses for A$20.3 million ($13.4 million)

** Deal value is 6.2x co's FY25 earnings

** YTD, PPE down 8.7%

($1 = A$1.5113)

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))