Dexus Disputes APAC Board Allegations Over Confidentiality Breach

Dexus ( (AU:DXS) ) has shared an update.

Dexus, acting as a trustee for a significant stake in Australia Pacific Airports Corporation, is facing allegations from the APAC Board regarding a breach of confidentiality in the sale process of its shares. The notice could lead to a compulsory sale process and suspension of certain rights for Dexus Bloc shareholders. Dexus disputes the validity of these allegations and intends to defend its position, as the Dexus Bloc is a substantial part of its third-party funds under management, impacting its management fees.

The most recent analyst rating on (AU:DXS) stock is a Buy with a A$8.63 price target. To see the full list of analyst forecasts on Dexus stock, see the AU:DXS Stock Forecast page.

More about Dexus

Dexus is a leading Australasian real asset group managing a high-quality real estate and infrastructure portfolio valued at $53.4 billion. The company operates both an investment portfolio and a funds management business, owning and managing assets across office, industrial, retail, healthcare, infrastructure, and alternative sectors. With a strong track record in capital and risk management, Dexus is supported by over 38,000 investors globally and focuses on sustainability, customer prosperity, and community enhancement.

Average Trading Volume: 3,812,181

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$8.03B

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