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Verbrec Ltd ( (AU:VBC) ) has shared an announcement.
Verbrec Limited has completed the divestment of its subsidiary, Competency Training Pty Ltd, for $11.2 million. This strategic move is aimed at strengthening Verbrec’s balance sheet, enabling further investments in organic growth and acquisitions that align with its strategy in the energy transition and automation sectors. The divestment is expected to enhance shareholder value by improving geographic expansion and reducing ongoing costs, while also increasing revenues through better client access to in-demand capabilities.
The most recent analyst rating on (AU:VBC) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Verbrec Ltd stock, see the AU:VBC Stock Forecast page.
More about Verbrec Ltd
Verbrec is a leading provider of engineering, asset management, project delivery, operations and maintenance, and mining technology services, supporting customers across Australia, New Zealand, Papua New Guinea, and beyond. The company serves the energy, infrastructure, and mining industries with technical specialties including asset management, automation and control, pipelines, power, process plant, and training. Verbrec is listed on the Australian Securities Exchange (ASX: VBC).
YTD Price Performance: 9.02%
Average Trading Volume: 332,562
Technical Sentiment Signal: Buy
Current Market Cap: A$42.36M
For a thorough assessment of VBC stock, go to TipRanks’ Stock Analysis page.