Cromwell Property Group (AU:CMW) has released an update.
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A consortium has become a substantial holder in Cromwell Property Group, acquiring approximately 30.69% of the company’s shares through a proposed acquisition of ESR Group Limited, which has a substantial stake in Cromwell. This strategic move, executed on October 4, 2024, signifies a major shift in ownership and control, reflecting the consortium’s increased investment and interest in the property sector.
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