Developer Lendlease slips as ACCC identifies prelim concerns in Stockland deal

Stockland

04/07/2024 03:07

** Shares of Australia's Lendlease  LLC.AX  fall 1.8% to
A$5.59 to hit their lowest since June 27
    ** Australian Competition and Consumer Commission (ACCC)
says the developer's deal to sell a business operation to rival
Stockland Corp  SGP.AX  raises preliminary concerns 
    ** ACCC says it might oppose the deal
    ** ACCC set to announce final decision on Sept. 12
    ** Stockland shares down 0.8%
    ** Stock has fallen 23.8% this year as of last close

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))