Commonwealth Bank Acquires 5% Stake in Webjet Limited

Webjet Limited (AU:WEB) has released an update.

The Commonwealth Bank of Australia (CBA) and its related bodies have emerged as substantial holders in Webjet Limited, with a combined voting power of 5.00%. This significant stake, amounting to 19,568,611 fully paid ordinary shares, was disclosed in a recent regulatory filing. This move by the banking giant indicates a strategic interest in the online travel agency, potentially influencing its future direction.

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