Australia's Ventia Services rises on govt contract extension

Ventia Services

04/01/2023 05:01

** Shares of infrastructure services provider Ventia
Services Group Ltd  VNT.NZ  rise as much as 3.4% to A$2.47
    ** Stock hits highest level since Dec. 23, 2022
    ** VNT says it will continue providing court security and
custodial services to the Government of Western Australia
following contract extension  urn:newsml:reuters.com:*:nNZW18rfnF
    ** The four-year contract is valued at about A$229 mln
($155.08 mln); there is an option to extend it by a further five
year
    ** Shares rose 17.5% in 2022
($1 = 1.4767 Australian dollars)
 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))