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KKR Entities Acquire Substantial Stake in Webjet Group Ltd

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KKR Entities Acquire Substantial Stake in Webjet Group Ltd

Webjet Group Limited ( (AU:WJL) ) just unveiled an update.

Webjet Group Ltd has announced that Comet Asia Holdings II Pte. Ltd., Comet Asia Holdings I Pte. Ltd., KKR Asia III Fund Investments Pte. Ltd., and KKR Asian Fund III L.P. have collectively become substantial holders in the company. These entities, referred to as KKR Entities, now hold a 5.05% voting power in Webjet Group Ltd through 19,838,053 fully paid ordinary shares. This acquisition signifies a notable investment by the KKR Entities, potentially impacting Webjet’s market position and signaling confidence in the company’s future growth prospects.

More about Webjet Group Limited

YTD Price Performance: -36.78%

Average Trading Volume: 2,646,131

Technical Sentiment Signal: Strong Buy

See more data about WJL stock on TipRanks’ Stock Analysis page.

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