Australia's Ventia Services climbs as co secures maintenance contract

Ventia Services

02/08/2022 02:13

** Shares of infrastructure solutions provider Ventia
Services Group  VNT.AX  rise as much as 2.6% to A$2.770, their
highest since May 23 
    ** Co says it has been awarded a road maintenance contract
by Auckland transport where it will provide routine renewal
activities across the Auckland West region in New Zealand
 urn:newsml:reuters.com:*:nASX69STWp
    ** Says five-year contract is expected to generate a base
contracted value of NZ$220 mln ($139.26 mln) over the initial
term 
    ** Stock on track to post a fifth consecutive session of
gains 
    ** Ventia stock up 35% this year, as of last close 

     ($1 = 1.5798 New Zealand dollars)

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))