IDP Education Ltd. (AU:IEL) has released an update.
Citigroup Global Markets Australia Pty Limited and its affiliates have become substantial shareholders in IDP Education Ltd, acquiring a 5.6046% voting power through the possession of 15,599,752 ordinary fully paid shares. The shares are held across various entities within the Citigroup group, primarily via securities lending agreements and in the ordinary course of business on stock markets. This strategic move occurred on 12 June 2024, marking Citigroup’s significant investment in the education sector.
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