Bank of America Acquires Stake in Pantoro Limited

Pantoro Limited (AU:PNR) has released an update.

Bank of America Corporation has emerged as a substantial holder in Pantoro Limited, acquiring a 5.09% voting power through various related bodies corporate, including Merrill Lynch entities. The consolidation of this significant stake, comprised of 320,935,661 ordinary shares, positions Bank of America as a key influencer in the company’s future. This financial move reflects Bank of America’s control over voting and disposal rights of the shares, signaling a strategic interest in Pantoro’s operations and prospects.

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