Stock Track | LendLease Group Soars 5.15% on Keyton Divestment and Debt Reduction Plan

Stock Track
Jun 25

LendLease Group's stock price soared 5.15% during intraday trading on Thursday.

The surge followed the company's announcement that it will divest its remaining 25.1% interest in the Keyton Retirement Living Trust to Aware Super for A$525 million. The net proceeds from the sale are planned to be used to reduce group debt, strengthening the company's balance sheet.

The deal is in line with the company's HY26 book value, with completion targeted for the first half of fiscal year 2027. Trading in LendLease Group securities was temporarily paused earlier in the session pending this announcement.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10