Magellan Financial Group Ltd (AU:MFG) has released an update.
Magellan Financial Group Ltd has announced that it has become a substantial holder in Amotiv Limited, acquiring a 5.45% stake with 7,687,090 ordinary fully paid shares. The acquisition, which positions Magellan as a key investor in Amotiv, signifies a strategic move by the financial services company, further diversifying its investment portfolio. Magellan’s significant investment in Amotiv reflects its confidence in the company’s value and potential for growth.
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