Commonwealth Bank of Australia (AU:CBA) has released an update.
Commonwealth Bank of Australia (CBA) has become a substantial holder in Steadfast Group Ltd with a total voting power of 5.09%, amounting to 56,353,695 fully paid ordinary shares. The significant stake was achieved through various interests including power to control voting rights and disposals by its related bodies corporate and investment entities. This development represents a strategic move by CBA, potentially impacting Steadfast Group’s future decision-making and shareholder dynamics.
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