BUZZ-Australia's Brambles at record high on plans to exit India operations

Reuters

2024/11/12

** Shares of Australia's Brambles BXB.AX rise 0.7% to A$19.52 record high

** The logistics co said late Monday it will pull out of the Indian market with the sale of its CHEP India unit to LEAP India

88 Sale for enterprise value of 7,150 mln rupees ($84.7 mln), with Brambles will recognise a $25 mln profit

** Stock has risen 42.6% this year, as of last close ($1 = 84.3900 Indian rupees)

(Reporting by Nichiket Sunil in Bengaluru)

((nichiket.sunil@thomsonreuters.com))

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