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Pinnacle Investment Acquires Significant Stake in AMP Limited

Story Highlights

AMP Limited ( (AU:AMP) ) has shared an update.

Pinnacle Investment Management Group Limited has become a substantial holder in AMP Limited, acquiring a 5.10% voting power through 129,070,526 ordinary fully paid shares. This acquisition marks a significant stake in AMP Limited, potentially influencing the company’s strategic decisions and impacting stakeholders by altering the dynamics of shareholder voting power.

More about AMP Limited

YTD Price Performance: 12.24%

Technical Sentiment Signal: Sell

Current Market Cap: $1.85B

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

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