BUZZ-Australia's Dexus falls to more than one-month low on legal woes

Reuters

2025/05/22

BUZZ-Australia's <a href="https://laohu8.com/S/DXS.AU">Dexus</a> falls to more than one-month low on legal woes

** Dexus DXS.AX falls 3.3% to A$6.98, lowest since April 11

** Stock set for biggest intraday pct drop since December 30, 2024

** Real asset manager files case against board of Australia Pacific Airports Corporation (APAC), which owns Melbourne and Launceston airports

** Case to contest APAC's notice last week, alleging breach of confidentiality agreements related to Dexus's 27% stake in APAC held through Dexus Bloc

** Dexus may be forced to sell its stake in Melbourne Airport if complaint upheld

** YTD, DSX gains 5.1%

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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