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Ventia Services Group Limited ( (AU:VNT) ) has shared an announcement.
Ventia Services Group Ltd has announced the divestment of its operations and maintenance contract for the Toowoomba Second Range Crossing to a joint venture between ACCIONA and Ferrovial. This transaction will result in a $6.3 million payment to Ventia, reduce its work in hand by approximately $340 million, and is expected to yield a one-off profit impact of $20-25 million in its financial statements for the period ending 30 June 2025. The divestment will allow Ventia to focus on growth opportunities more aligned with its strategic objectives and reduce risks in its portfolio.
More about Ventia Services Group Limited
Ventia is a leading essential infrastructure services provider in Australia and New Zealand, offering a wide range of services that maintain critical infrastructure across multiple sectors such as defence, social infrastructure, water, electricity and gas, resources, telecommunications, and transport. With over 35,000 personnel and operations spanning more than 400 sites, Ventia focuses on client-driven, innovative, and sustainable service solutions.
YTD Price Performance: 2.50%
Average Trading Volume: 2,606,445
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$3.14B
For detailed information about VNT stock, go to TipRanks’ Stock Analysis page.
