Namoi Cotton Ltd (AU:NAM) has released an update.
Olam Agri Australia Pty Ltd has increased its stake in Namoi Cotton Limited, with its voting power in the company rising from 2.20% to 3.31% following an off-market takeover offer. This change occurred on June 14, 2024, as a result of acceptances of Olam Agri’s offer. The deal reflects Olam Agri’s strategic move to consolidate its shares in Namoi, marking a notable change in the company’s substantial holding.
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