Steadfast Group Limited (AU:SDF) has released an update.
The Commonwealth Bank of Australia (CBA) and its affiliates have emerged as a substantial shareholder in Steadfast Group Limited, acquiring a total voting power of 5.01% in the company. This move, effective from June 6, 2024, signifies CBA’s significant interest in Steadfast, with 55,393,008 fully paid ordinary shares under its control. The acquisition underscores CBA’s influence within Steadfast Group, a potential signal to investors of the bank’s strategic positioning in the financial landscape.
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