Accent Group Ltd (AU:AX1) has released an update.
Frasers Group plc has emerged as a substantial holder in Accent Group Limited, acquiring a 14.65% stake with 82,477,463 ordinary shares, a move executed through an on-market agreement. This strategic acquisition, completed on August 27, 2024, involved a cash consideration amounting to $164,954,926. The deal positions Frasers Group as a key player with significant voting power in the retail company’s financial dynamics.
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