tiprankstipranks
Laurels Capital Acquires Major Stake in Cromwell
Company Announcements

Laurels Capital Acquires Major Stake in Cromwell

Cromwell Property Group (AU:CMW) has released an update.

Don't Miss our Black Friday Offers:

Laurels Capital Investments Limited, part of a bidding consortium, has become a significant stakeholder in Cromwell Property Group, with a relevant interest and voting power of approximately 30.69%. This strategic move follows the consortium’s acquisition of over 20% in ESR Group Limited, which owns a substantial portion of Cromwell’s shares. The consortium’s interests were formalized through an exclusivity and standstill agreement, marking a notable shift in Cromwell’s ownership landscape.

For further insights into AU:CMW stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskCromwell Property Group’s Major Shareholder Shift
TipRanks Australian Auto-Generated NewsdeskVanguard Adjusts Holdings in Cromwell Property Group
TipRanks Australian Auto-Generated NewsdeskCromwell Property Group Announces 2024 AGM Plans
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App