JPMorgan Acquires Significant Stake in Webjet Limited

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

JPMorgan Chase & Co. and its affiliates have become substantial holders in Webjet Limited, acquiring a 5.08% stake in the company as of September 30, 2024. The financial giant now holds nearly 20 million ordinary shares through various investment and securities lending arrangements. This move signifies JPMorgan’s growing interest in the online travel agency sector and positions them as a key investor in Webjet’s future.

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