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CBA Acquires Substantial Stake in Credit Corp Group
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CBA Acquires Substantial Stake in Credit Corp Group

Commonwealth Bank of Australia (AU:CBA) has released an update.

The Commonwealth Bank of Australia (CBA) has become a substantial holder in Credit Corp Group Limited, with a total voting power of 5.00% across 3,406,182 fully paid ordinary shares. The bank’s relevant interest arises from its voting power in two entities it controls, Avanteos Investments Limited and Colonial First State Investments Limited, which collectively hold a significant number of shares in Credit Corp. CBA’s ability to vote and dispose of these shares is subject to certain qualifications.

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

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