Consortium Acquires Major Stake in Cromwell Group

Cromwell Property Group (AU:CMW) has released an update.

Alexandrite Athena GroupCo Ltd, as part of a consortium, has disclosed an acquisition of a substantial holding in Cromwell Property Group, amounting to approximately 30.69% of voting power through shares in ESR Group Limited. This strategic move, executed via a consortium and governed by the Corporations Act, signals a significant interest in the potential full acquisition of ESR Group Limited’s shares, which in turn has a substantial interest in Cromwell.

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