Challenger Limited (AU:CGF) has released an update.
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Challenger Limited has announced its acquisition of a substantial holding in Smartgroup Corporation Ltd, marking a significant investment move. This strategic acquisition sees Challenger securing a 5.01% voting power in the company, highlighting its interest in expanding its investment portfolio. Investors may find this move indicative of Challenger’s confidence in Smartgroup’s market potential.
For further insights into AU:CGF stock, check out TipRanks’ Stock Analysis page.
