Australia's Vicinity Centres gains on exceeding FY25 divestment target

Vicinity Centres

20/12/2024 24:45

** Vicinity Centres  VCX.AX  rises as much as 1.5% to
A$2.080; set to snap two weeks of decline
    ** Property co says it exceeded its targeted A$250 mln
($155.8 mln) of asset divestments for FY25
    ** Announces divestment of three non-strategic assets with
proceeds totalling A$457 mln
    ** VCX up 1.7% YTD

($1 = A$1.6051)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))