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Downer EDI Limited ( (AU:DOW) ) has provided an announcement.
L1 Capital Pty Ltd and L1 Capital Strategic Equity Management Pty Ltd have increased their substantial shareholding in Downer EDI Limited through a series of on-market purchases in March 2026. Following these transactions, their combined relevant interest has risen to 45,588,566 fully paid ordinary shares, representing 6.89% of Downer EDI’s issued capital.
The buying, executed via multiple broker nominees including Merrill Lynch, Morgan Stanley, Goldman Sachs, JPMorgan and others, reflects growing institutional exposure to Downer EDI. The move consolidates L1 Capital’s position as a significant stakeholder, potentially enhancing its influence over voting outcomes and signalling continued fund-manager confidence in the company’s prospects.
More about Downer EDI Limited
Downer EDI Limited is an Australian-listed engineering and infrastructure services provider operating across sectors such as transport, utilities and facilities management. The company delivers outsourced maintenance, construction and asset management services to public and private sector clients, with its shares widely held by institutional investors in the Australasian market.
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