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Australian Ethical Investment Acquires Substantial Stake in PEXA Group

Story Highlights
  • Australian Ethical Investment Ltd acquires 5.05% stake in PEXA Group.
  • This strategic move enhances Australian Ethical’s market influence and aligns with its ethical investment philosophy.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Australian Ethical Investment Acquires Substantial Stake in PEXA Group

Australian Ethical Investment Ltd ( (AU:AEF) ) just unveiled an update.

Australian Ethical Investment Ltd has become a substantial holder in PEXA Group Limited, acquiring a 5.05% voting power through 8,967,342 ordinary shares. This acquisition signifies a strategic move by Australian Ethical to expand its influence and stake in companies that align with its ethical investment philosophy, potentially impacting its market positioning and stakeholder interests.

More about Australian Ethical Investment Ltd

Australian Ethical Investment Ltd operates in the ethical investment industry, focusing on providing investment solutions that align with ethical and sustainable values. The company is known for its commitment to environmental, social, and governance (ESG) principles, offering a range of financial products that cater to ethically conscious investors.

YTD Price Performance: -12.26%

Average Trading Volume: 10

Technical Sentiment Signal: Strong Buy

Current Market Cap: €347.9M

See more data about AEF stock on TipRanks’ Stock Analysis page.

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