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State Street Acquires 5% Stake in Corporate Travel Management

State Street Acquires 5% Stake in Corporate Travel Management

Corporate Travel Management Limited (AU:CTD) has released an update.

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State Street Corporation has emerged as a significant shareholder in Corporate Travel Management Limited, attaining a 5.01% stake as of May 15, 2024. The acquisition, involving 7,326,617 ordinary shares, reflects a strategic investment by one of the financial industry’s heavyweight players into the travel management sector.

For further insights into AU:CTD stock, check out TipRanks’ Stock Analysis page.

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