Namoi Cotton Ltd (AU:NAM) has released an update.
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Louis Dreyfus Company Melbourne Holdings Pty Ltd has substantially increased its stake in Namoi Cotton Limited, with its voting power surging from 22.32% to 47.66%. The significant change comes as a result of share acquisitions following a market takeover bid that was made on April 30, 2024. This move signals a major shift in the company’s shareholding structure, indicating a strong interest from Louis Dreyfus in the operational and strategic direction of Namoi Cotton.
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