Australia's Webjet rallies on BGH Capital interest

Webjet

14/05/2025 03:50

May 14 (Reuters) - Shares in Australian online travel agency Webjet WJL.AX surged to a five-month high on Wednesday after the company revealed that shareholder BGH Capital had expressed interest in acquiring a controlling stake.

Webjet, after market close on Tuesday, said it had received an indication of interest from Melbourne-based buyout firm BGH Capital to take the controlling stake at A$0.80 apiece, valuing the company at A$314 million ($203.3 million).

The stock surged up to 3.4% to hit its highest since December 9. It was last trading 1.7% higher.

($1 = 1.5449 Australian dollars)

 (Reporting by Kumar Tanishk in Bengaluru; Editing by Mrigank Dhaniwala)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))