Namoi Cotton Ltd (AU:NAM) has released an update.
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Louis Dreyfus Company Melbourne Holdings Pty Ltd (LDC Group) has increased its stake in Namoi Cotton Limited, with its voting power now at 70.12% following recent acquisitions. The LDC Group’s interest in Namoi rose due to acceptances of offers made under a takeover bid and additional on-market purchases. This marks a significant change in the company’s substantial holdings, reflecting a strategic move by the LDC Group in its investment in Namoi Cotton.
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