Australia's Propel Funeral Partners jumps on business expansion

Propel Funeral Partners

24/11/2021 01:06

** Shares of Propel Funeral Partners Ltd  PFP.AX  rise as
much as 3% to A$4.440, their biggest intraday pct gain since Oct
22 
    ** The dealth-care services firm executes binding agreements
to acquire three funeral services businesses and related assets
and infrastructure  urn:newsml:reuters.com:*:nASX7qzx05
    ** Co to pay about a A$6.9 mln ($4.98 mln) for the
businesses, which will expand its network in Australia and New
Zealand
    ** About 76,706 shares change hands, vs the 30-day avg
volume of 63,114
    ** Stock up 51.2% this year, as of last close

    ($1 = 1.3848 Australian dollars)

 (Reporting by Yamini C S)
 ((Yamini.CS@thomsonreuters.com;))