Australia's Symal rises to 1-week high on McFadyen buyout, outlook upgrade
ReutersSep 18, 2025 2:19 AM
** Shares of Symal SYL.AX rise as much as 2.9% to A$1.750, their biggest intraday pct jump since September 9
** The construction firm acquires water contractor McFadyen Group for A$11 million ($7.30 million)
** Deal allows co to expand participation in water infrastructure, strengthens presence in Australia's Queensland
** Co hikes its FY26 normalized EBITDA outlook by A$2 million to A$117-A$127 million to reflect the expected pro-rata contribution from the acquisition
** YTD, shares up 2.7%
($1 = 1.5060 Australian dollars)
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