Cettire Ltd. (AU:CTT) has released an update.
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Cettire Ltd. has announced that Bank of America Corporation and its affiliates have acquired a substantial holding in the company, with a voting power of 7.90%. This significant investment involves various Merrill Lynch entities controlling over 30 million ordinary shares, suggesting a strategic move in the fashion e-commerce sector. Investors may see this as a sign of confidence in Cettire’s market position and future growth potential.
For further insights into AU:CTT stock, check out TipRanks’ Stock Analysis page.