Allan Gray Australia Ups Stake in Fletcher Building Ltd

Fletcher Building Limited (FRCEF) has released an update.

Allan Gray Australia Pty Ltd has reported a significant increase in their substantial holding in Fletcher Building Ltd, now owning 17.701% of the company’s ordinary shares. This change represents a movement of more than 1% since the last disclosure, reflecting a notable shift in the investment landscape of Fletcher Building Ltd. The disclosure, dated October 1, 2024, indicates that Allan Gray Australia, as investment manager, has increased their holdings by over 63 million shares.

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