Latest Corporate Divestments News

PPK Group is set to return value to shareholders through a $2.5 million on-market share buyback following the profitable divestment of its Craig International Ballistics stake.

Echelon Resources has finalised its divestment of Cue Energy shares, boosting cash and cutting debt, while progressing key drilling and gas supply agreements.

ARN Media is selling its Hong Kong out-of-home advertising business, Cody HK, to DFI Retail Group for HK$30.2 million, marking a strategic exit from non-core assets to sharpen focus on Australian operations.

Flight Centre Travel Group (ASX: FLT) has agreed to divest its 47% shareholding in Pedal Group to the Turner Collective for $61.7 million, aligning with its strategy to focus on core travel businesses. The sale requires shareholder approval and is expected to complete next month, with FLT anticipating a one-off accounting gain of approximately $15 million.

Infotrust Ltd reported a significant $16.5 million half-year loss driven by a $15.6 million impairment on its Cloud and Communications segment, which it plans to divest for up to $50 million. The move refocuses the company on its core Cyber Security business amid steady revenue growth.

Careteq Limited reported a widening half-year loss with revenues down 18%, announcing plans to sell its Embedded Health Solutions business to strengthen its balance sheet and focus on its HMR Referral platform.

Kelsian Group Limited has reported a robust first half for FY26 with double-digit revenue growth and upgraded EBITDA guidance, alongside a strategic $161 million sale of its Tourism Portfolio.

Fletcher Building reports a stable half-year performance despite subdued markets, advancing its strategic pivot with the announced sale of its Construction division.

Maas Group Holdings has agreed to sell its Construction Materials division for up to $1.703 billion, marking a strategic pivot towards digital infrastructure and electrification sectors. The deal, expected to close in late 2026, includes a significant minority investment in AI infrastructure developer Firmus Grid.

Sports Entertainment Group has completed its staged divestment of the Perth Wildcats, selling its remaining 30.6% stake for $12 million and concluding a $39.5 million exit. The move marks a strategic shift as SEG eyes new capital management opportunities.

PeopleIN Limited has sold its health and aged care staffing arms for $20.25 million, aiming to eliminate net debt and accelerate growth in defence, engineering, and trades sectors.

APA Group has agreed to sell its 20% stake in the Allgas gas distribution network to Stonepeak affiliates, marking another step in its strategy to simplify operations and focus on core growth areas.