Australia's Symal set for best day on Shamrock Civil acquisition

Symal

17/06/2026 02:12

** Shares of Symal Group SYL.AX soar as much as 18.5% to A$3.2, marking its best intraday pct rise 
** Highest level since February 20
** Construction services provider to acquire defence and resources contractor Shamrock Civil for an upfront payment of A$51 million ($36.05 million)
** Says it materially increases co's exposure in the defence sector with over 70% of Shamrock’s work-in-hand and tendered pipeline related to defence 
** Down ~15% YTD, including the session's moves
     
($1 = 1.4146 Australian dollars)

(Reporting by Anjali Singh in Bengaluru)
((anjali.singh2@thomsonreuters.com; ))