tiprankstipranks
Cettire Gains Substantial Investment from Bank of America
Company Announcements

Cettire Gains Substantial Investment from Bank of America

Cettire Ltd. (AU:CTT) has released an update.

Pick the best stocks and maximize your portfolio:

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.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App