Nine Entertainment Co. Holdings Limited (AU:NEC) has released an update.
FIL Limited has emerged as a substantial holder in Nine Entertainment Co. Holdings Limited, securing a 5.00% voting power with 80,706,560 common shares. The acquisition process, which was actively pursued from December 2023 through April 2024, involved multiple transactions at varying share prices. This move marks a significant investment by FIL Limited into the media company, reflecting confidence in Nine Entertainment’s market potential.
For further insights into AU:NEC stock, check out TipRanks’ Stock Analysis page.
