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The latest announcement is out from Downer EDI Limited ( (AU:DOW) ).
Macquarie Group Limited and its controlled entities have lodged a notice that they have ceased to be a substantial shareholder in Downer EDI Limited. The change, recorded via an Australian Corporations Act Form 605 and signed by Macquarie’s company secretary, indicates Macquarie’s voting interest in Downer has fallen below the substantial holding threshold.
The exit of Macquarie as a substantial holder may alter Downer’s institutional investor base and could affect market perceptions of its stock, although no specific transaction details were disclosed. Stakeholders will note the shift in ownership structure as part of ongoing changes in capital markets engagement around the company.
More about Downer EDI Limited
Downer EDI Limited is an infrastructure and services company listed on the Australian Securities Exchange, providing engineering, construction, maintenance and asset management services across transport, utilities and resources sectors. The group focuses on long-term contracts with public and private clients, positioning itself as a key player in Australasian infrastructure delivery and operations.
For an in-depth examination of DOW stock, go to TipRanks’ Overview page.