Weiss Group Secures 5.61% Stake in MMA Offshore

MMA Offshore Limited (AU:MRM) has released an update.

Weiss Asset Management LP and its associates, including Brookdale International Partners and Brookdale Global Opportunity Fund, have become substantial shareholders in MMA Offshore Limited, acquiring a 5.61% stake with 21,277,729 shares. The transactions leading to this significant holding involved a series of acquisitions and disposals of shares, occurring over a period leading up to 8 July 2024. This financial manoeuvre positions Weiss Group as an influential voice in the company’s future, with potential impacts on MMA Offshore’s stock performance.

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