MUFG Acquires Major Stake in PSC Insurance Group

PSC Insurance Group Ltd. (AU:PSI) has released an update.

PSC Insurance Group Ltd. has reported a significant change in share ownership, with Mitsubishi UFJ Financial Group (MUFG) acquiring a substantial stake. Through its subsidiary First Sentier Investors Holdings Pty Limited, MUFG now has relevant interests and voting power in over 19 million fully paid ordinary shares as of August 20, 2024. This strategic financial move could indicate an important shift in the company’s shareholder landscape and potential future influence by MUFG.

For further insights into AU:PSI stock, check out TipRanks’ Stock Analysis page.