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Viva Energy Group Ltd. ( (AU:VEA) ) just unveiled an announcement.
Viva Energy Group Limited has disclosed that investment firm L1 Capital Pty Ltd has ceased to be a substantial shareholder in the company, in accordance with Australian Corporations Act requirements. The notice, lodged via a Form 605 and signed by L1 Capital’s Head of Legal and Compliance, indicates that L1 Capital’s relevant interest in Viva Energy’s voting securities has fallen below the substantial holding threshold, signalling a reduction or exit of a major institutional investor that may marginally alter the company’s share register composition and institutional ownership profile.
The most recent analyst rating on (AU:VEA) stock is a Hold with a A$2.13 price target. To see the full list of analyst forecasts on Viva Energy Group Ltd. stock, see the AU:VEA Stock Forecast page.
More about Viva Energy Group Ltd.
Viva Energy Group Limited is an Australian energy company listed on the ASX, primarily involved in the supply, distribution and marketing of fuels and related energy products to retail, commercial and industrial customers across the country.
Average Trading Volume: 3,308,686
Technical Sentiment Signal: Sell
Current Market Cap: A$3.36B
Learn more about VEA stock on TipRanks’ Stock Analysis page.