Commonwealth Bank of Australia (AU:CBA) has released an update.
The Commonwealth Bank of Australia (CBA) has become a substantial holder in AUTOSPORTS GROUP LIMITED, acquiring a 5.57% stake which translates to 11,190,091 fully paid ordinary shares. This interest arises from CBA’s voting power in Avanteos Investments Limited and Colonial First State Investments Limited, both holding over a 20% stake and allowing CBA indirect control over the shares. The significance of this move reflects CBA’s strategic investment choices and could influence AUTOSPORTS GROUP LIMITED’s future direction.
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