IDP Education Ltd. (AU:IEL) has released an update.
Magellan Financial Group Limited has emerged as a substantial shareholder in IDP Education Ltd., acquiring a 5.00% stake with 13,925,801 ordinary fully paid shares. This significant investment by Magellan, detailed on the 15th of July, 2001, marks a noteworthy change in the ownership structure of IDP Education. The financial dynamics of this educational services provider may now be influenced by Magellan’s strategic stakeholding.
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