BUZZ-Australia's Verbrec hits more than six-month high on divesting Competency Training
Reuters2025-09-10
BUZZ-Australia's Verbrec hits more than six-month high on divesting Competency Training** Shares of Australia's Verbrec rise 6.06% to A$0.105, their highest level since February 27
** Engineering and training services provider divests its private unit Competency Training for A$11.5 mln ($7.58 mln); deal is subject to approval from Australia's foreign investment regulator
** Says divestment will allow flexibility to pursue acquisitionsand organic growth opportunities in energy transition and automation, its core segments
** YTD, stock down 22.2%
($1 = 1.5172 Australian dollars)
(Reporting by Shruti Agarwal in Bengaluru)
((Shruti.Agarwal@thomsonreuters.com))
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