Vista Group Sees Major Stake Increase by Admetus
Company Announcements

Vista Group Sees Major Stake Increase by Admetus

Vista Group International Ltd (AU:VGL) has released an update.

Vista Group International Ltd has experienced a significant shift in ownership, with Admetus Capital Limited’s stake increasing by 1.475% to 19.931% after purchasing an additional 3,505,000 shares. The acquisition, valued at NZ$7,360,500, was conducted on-market and is part of a larger strategic move that could lead to a takeover offer or a scheme of arrangement within the next 12 months. This substantial transaction underscores potential changes in Vista’s ownership structure and strategic direction.

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

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Optimize your mobile reading experience. Download the TipRanks App today!