BUZZ-Australia's Helia Group slumps on flagging potential loss of CBA contract

Reuters

03-24

BUZZ-Australia's Helia Group slumps on flagging potential loss of CBA contract

** Shares of Helia Group HLI.AX fall as much as 29.3% to A$3.43, their lowest level since August 9, 2024

** Stock on track for weakest trading session since March 19, 2020

** HLI among top losers on the ASX 200 benchmark .AXJO

** The mortgage insurance provider anticipates its current supply and service contract with Commonwealth Bank of Australia CBA.AX might not get renewed after December 31, 2025

** The co has been informed by CBA that the bank has entered exclusive negotiations with an alternative provider for the provision of lenders mortgage insurance (LMI) services

** About 2.3 mln HLI shares change hands, vs the 30-day average of 1.5 mln

(Reporting by Sneha Kumar in Bengaluru)

((Sneha.Kumar@thomsonreuters.com;))

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08:16</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Australia's Helia Group slumps on flagging potential loss of CBA contract</title></head><body><p>** Shares of Helia Group <span>HLI.AX</span> fall as much as 29.3% to A$3.43, their lowest level since August 9, 2024</p><p>** Stock on track for weakest trading session since March 19, 2020</p><p>** HLI among top losers on the ASX 200 benchmark <span>.AXJO</span></p><p>** The mortgage insurance provider <span>anticipates</span> its current supply and service contract with <a href=\"https://laohu8.com/S/CBAUF\">Commonwealth Bank of Australia</a> <span>CBA.AX</span> might not get renewed after December 31, 2025</p><p>** The co has been informed by CBA that the bank has entered exclusive negotiations with an alternative provider for the provision of lenders mortgage insurance (LMI) services </p><p>** About 2.3 mln HLI shares change hands, vs the 30-day average of 1.5 mln 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