Commonwealth Bank Adjusts Stake in Metcash

Metcash Limited (AU:MTS) has released an update.

The Commonwealth Bank of Australia has slightly decreased its voting power in Metcash Limited, from 6.45% to 5.41%, by changing its interest in the number of voting shares. The adjustment in shares comprises a decrease in fully paid ordinary shares from 61,696,655 to 57,667,685, reflecting a shift in the bank’s investment strategy or portfolio balance. This change in the substantial holding was reported as required under the Corporations Act 2001.

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