Australia's LendLease rises on sale of infrastructure investor Capella Capital

Sojitz

30/01/2025 23:32

** Shares of LendLease  LLC.AX  rise 3.2% to A$6.525; on
track for their strongest gain since Dec. 23
    ** Real estate company rose as much as 3.6% earlier in the
day to hit the highest level since Dec. 16
    ** Company signs agreement with Japanese trading firm Sojitz
Corp  2768.T  to sell infrastructure investor Capella Capital
    ** Says sale for A$235 mln ($145.82 mln); sale expected to
add A$70 mln to FY25 operating profit after tax
    ** LLC up 2.3% this year, as of last close


($1 = 1.6116 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))