Magellan Financial Acquires 5% Stake in Ampol

Magellan Financial Group Ltd (AU:MFG) has released an update.

Magellan Financial Group Ltd has emerged as a substantial shareholder in Ampol Limited, acquiring a 5.00% stake with 11,935,635 ordinary fully paid shares. The official notification of this new position was made on September 24, 2024, as required by the Corporations Act 2001. This strategic move by Magellan represents a significant investment in Ampol, reflecting confidence in the company’s performance and potential.

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