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National Australia Bank Acquires Substantial Stake in Spenda Limited

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National Australia Bank Acquires Substantial Stake in Spenda Limited

National Australia Bank Limited ( (AU:NAB) ) has shared an update.

National Australia Bank Limited, through its subsidiary JBWere Limited, has become a substantial holder in Spenda Limited with a 13.576% voting power, holding 626,575,206 fully paid ordinary shares. This significant acquisition indicates a strategic investment in Spenda Limited, potentially impacting the company’s market position and shareholder dynamics.

More about National Australia Bank Limited

National Australia Bank Limited is a prominent financial institution in Australia, engaged in providing a range of banking and financial services, including investment management through its subsidiary, JBWere Limited.

YTD Price Performance: 3.90%

Average Trading Volume: 3,373

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $79.76B

For detailed information about NAB stock, go to TipRanks’ Stock Analysis page.

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