** Shares of Iress IRE.AX rise 4.6% to A$9.5, their highest level since Jan. 6
** Fintech service provider enters into binding share sale and purchase agreement to divest its superannuation business to pvt firm Apex Group
** Transaction structured to release A$40 mln ($24.80 mln) in cash consideration upon completion; additional payments of up to A$20 mln over 12 months
** Sale completion expected in Q2 of 2025 and subject to Foreign Investment Review Board approval
** Stock rose as much as 5%, their largest intraday gain since Dec. 13, 2024
** Iress up 1.6% YTD, including current session's moves
($1 = 1.6126 Australian dollars)
(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com;))
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