Australia's SRG Global hits record high on deal to buy marine services co

SRG Global

14/10/2025 03:08

** SRG Global SRG.AX soars as much as 23.4% to record high of A$2.530

** Stock marks highest intraday pct gain since July 2, 2020

** Diversified infra services firm enters into agreement to buy TAMS, a diversified marine infra services partner

** Says deal for A$85 million ($55.3 million)

** YTD, SRG gains 82.7%

($1 = A$1.5363)

 (Reporting by Rajasik Mukherjee in Bengaluru)

 ((Rajasik.Mukherjee@thomsonreuters.com))