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Commonwealth Bank Gains Substantial Stake in Smartgroup

Commonwealth Bank of Australia (AU:CBA) has released an update.

Commonwealth Bank of Australia has become a substantial holder in Smartgroup Corporation Ltd, acquiring voting power over 5.03% of its fully paid ordinary shares. This stake underscores the bank’s influential position in the market, reflecting its strategic interest and potential future involvement in Smartgroup’s corporate decisions.

For further insights into AU:CBA stock, check out TipRanks’ Stock Analysis page.

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