CBA Acquires Substantial Stake in Credit Corp Group

Credit Corp Group Limited (AU:CCP) has released an update.

The Commonwealth Bank of Australia (CBA) has become a substantial holder in Credit Corp Group Limited, with a total voting power of 5.01% across 3,411,656 fully paid ordinary shares. This change in shareholding structure is due to CBA and its related bodies corporate having voting power above 20% in Avanteos Investments Limited and Colonial First State Investments Limited, which in turn hold interests in Credit Corp Group. As substantial holders, CBA now has significant influence over Credit Corp Group’s decisions, marking a notable shift in the company’s ownership dynamics.

For further insights into AU:CCP stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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