Magellan Financial Group Ltd (AU:MFG) has released an update.
Magellan Financial Group Limited has become a substantial holder in Tabcorp Holdings Limited, possessing a 5.20% stake with 118,950,990 ordinary fully paid shares. The acquisition of this significant shareholding marks Magellan’s strong position in the market and reflects its strategic investment choices. The transaction details, including the consideration paid, are outlined in the associated annexures of the official notice.
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