Commonwealth Bank Reduces Stake in Move Logistics Group
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Commonwealth Bank Reduces Stake in Move Logistics Group

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

The Commonwealth Bank of Australia has announced it no longer holds a substantial stake in MOVE LOGISTICS GROUP LIMITED, with its shareholding falling from 5.182% to 4.975%. This change follows a series of transactions, including both purchases and sales of ordinary shares conducted by Colonial First State Investments Limited, with the most recent sales leading to the decrease in ownership below the substantial holder threshold.

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

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