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BUZZ-Australia's PeopleIN rises to nearly 3-week high on divesting units

Reuters
2025/12/19
BUZZ-Australia's PeopleIN rises to nearly 3-week high on divesting units

** PeopleIN PPE.AX rises as much as 7.1% at A$0.9, highest since December 1

** Shares post biggest intraday pct gain since November 27

** Co to divest units operating its health and aged care staffing businesses for A$20.3 million ($13.4 million)

** Deal value is 6.2x co's FY25 earnings

** YTD, PPE down 8.7%

($1 = A$1.5113)

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))

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