Australia's Qube Holdings rises after regulator's approval for acquisition

Qube Holdings

10/04/2025 02:10

** Shares of Qube Holdings QUB.AX rise as much as 7.1% to A$3.95, marking their biggest intraday pct gain since May 2, 2024

** Stock touches highest level since April 2

** Logistics firm receives green signal from Australia's competition regulator to acquire Melbourne International RoRo & Auto Terminal (MIRRAT), subject to certain undertakings by the firm

** QUB down 1.5% YTD vs 5.1% drop in ASX 200 benchmark .AXJO

(Reporting by Sneha Kumar in Bengaluru)

((Sneha.kumar@thomsonreuters.com;))