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AustralianSuper Acquires 5.55% Stake in Megaport Ltd

Megaport Ltd. (AU:MP1) has released an update.

AustralianSuper Pty Ltd has emerged as a substantial shareholder in Megaport Limited, acquiring a 5.55% stake with 8,848,254 ordinary shares as of June 24, 2024. The acquisition positions AustralianSuper as a significant investor in the tech company, with JPMorgan Nominees Australia Ltd listed as the registered holder of these shares. This move could signal a strategic interest by the superannuation fund in Megaport’s future growth.

For further insights into AU:MP1 stock, check out TipRanks’ Stock Analysis page.

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