PEXA to divest .id to undisclosed private business

The news: Electronic conveyancing giant PEXA has entered a binding sale agreement with “an unlisted entity” to divest Informed Decisions (.id), according to an announcement to the exchange.

The context: The sale of .id is part of previously announced plans to divest the Digital Solutions Business.

PEXA previously took $26 million of net impairments on the segment in its half-year results and said it expected to complete the divestment by mid-2026.

Completion of the share sale agreement is expected for the end of FY26.