Webjet Limited (AU:WEB) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Webjet Limited has announced that the Commonwealth Bank of Australia (CBA) and its related entities have become substantial shareholders, now owning a total of 19,537,490 fully paid ordinary shares, which represents a 5% voting power in the company. This shareholding gives CBA a significant influence, with the relevant interests mainly arising from their control over voting rights and the power to dispose of securities through their various investment capacities.
For further insights into AU:WEB stock, check out TipRanks’ Stock Analysis page.