Laurels Capital Acquires Major Stake in Cromwell

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

Laurels Capital Investments Limited, part of a bidding consortium, has become a significant stakeholder in Cromwell Property Group, with a relevant interest and voting power of approximately 30.69%. This strategic move follows the consortium’s acquisition of over 20% in ESR Group Limited, which owns a substantial portion of Cromwell’s shares. The consortium’s interests were formalized through an exclusivity and standstill agreement, marking a notable shift in Cromwell’s ownership landscape.

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