BUZZ-Australia's OFX Group surges after initiating strategic review
Reuters
Feb 05
BUZZ-Australia's OFX Group surges after initiating strategic review
** Shares of OFX GroupOFX.AXrise as much as 15.1% to A$0.553, their biggest intraday pct gain since May 19, 2025
** Shares hit highest level since Dec 16, 2025
** Finance co undertaking strategic review after receiving 'an increasing level of inbound inorganic interest'
** Appoints Goldman Sachs Australia as financial advisor for review, considering options including a potential sale
** Also reports 44% sequential non-FX revenue for the third quarter
** Announces CFO Selena Verth to leave firm
(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com))
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