Vanguard Group Acquires Stake in Abacus Property

Abacus Property Group (AU:ABG) has released an update.

Vanguard Group has become a substantial holder in Abacus Property Group, with a 5.043% voting power due to owning 45,068,302 ordinary shares. As the manager of various mutual funds and accounts, Vanguard now has the power to dispose of these shares, marking a significant investment move in the company’s structure. The shares are registered under various financial institutions, maintaining Vanguard’s position as a person entitled to be registered as the holder.

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