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Allan Gray Australia Increases Stake in Lendlease Group

Story Highlights

Lendlease Group ( (AU:LLC) ) has issued an announcement.

Allan Gray Australia Pty Ltd, an investment manager, has increased its voting power in Lendlease Group from 7.25% to 8.36%. This change in substantial holding indicates a growing interest and confidence in Lendlease’s operations, potentially impacting its market positioning and stakeholder interests.

More about Lendlease Group

Lendlease Group is a multinational construction, property, and infrastructure company. It focuses on urban regeneration projects and offers services in property development, investment management, and construction.

YTD Price Performance: -15.36%

Average Trading Volume: 2,223

Technical Sentiment Signal: Buy

Current Market Cap: $2.23B

For detailed information about LLC stock, go to TipRanks’ Stock Analysis page.

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