Magellan Financial Group Ltd (AU:MFG) has released an update.
State Street Corporation has emerged as a substantial holder in Magellan Financial Group Ltd, acquiring a 5.07% stake with 9,164,195 ordinary shares as of July 1, 2024. The details of the acquisition, including the consideration paid and the nature of relevant interests, are outlined in annexures attached to the notice. This strategic move could signal State Street Corporation’s confidence in Magellan’s financial prospects and potential influence on future company decisions.
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