Namoi Cotton Ltd (AU:NAM) has released an update.
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Louis Dreyfus Company has significantly increased its stake in Namoi Cotton Limited, with its voting power surging from 71.96% to 86.22% due to recent share acquisitions. The transactions included an on-market purchase and acceptances of an offer under a takeover bid, marking a notable change in the company’s substantial holding.
For further insights into AU:NAM stock, check out TipRanks’ Stock Analysis page.