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Citigroup Ceases Substantial Holding in IDP Education

Story Highlights
  • IDP Education Ltd focuses on international student placement and English testing.
  • Citigroup has ceased substantial holding in IDP Education, impacting shareholder structure.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

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IDP Education Ltd. ( (AU:IEL) ) has issued an announcement.

Citigroup Global Markets Australia Pty Limited and its related entities have ceased to be substantial holders in IDP Education Ltd as of April 8, 2025. This change in holding involves a series of transactions related to securities lending agreements, impacting the company’s shareholder structure. The announcement may influence IDP Education’s market dynamics and stakeholder relationships, as Citigroup adjusts its investment position.

More about IDP Education Ltd.

IDP Education Ltd is a prominent player in the education sector, primarily focusing on international student placement services and English language testing. The company is known for its significant role in facilitating educational opportunities for students worldwide, with a strong market presence in various countries.

YTD Price Performance: -32.87%

Average Trading Volume: 119

Technical Sentiment Signal: Strong Buy

Current Market Cap: €1.29B

For a thorough assessment of IEL stock, go to TipRanks’ Stock Analysis page.

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