Australia's SRG Global gains most on infrastructure management firm buy

SRG Global

14/03/2022 24:38

** Shares of construction contractor SRG Global  SRG.AX 
rise as much as 6.5% to A$0.570; their best session since Feb.
23
    ** Co has signed https://www.asx.com.au/asxpdf/20220314/pdf/456z939fyhfl8q.pdf
 a sale implementation deed to acquire infrastructure contractor
WBHO Infrastructure Pty Ltd, WBHO Infrastructure's Western
Australian business for a net consideration of A$15.2 mln
($11.08 mln)
    ** Says deal completion is expected by end of March 2022
    ** Stock up ~4.9% YTD as of last close 
    



($1 = 1.3714 Australian dollars)

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))