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An announcement from Downer EDI Limited ( (AU:DOW) ) is now available.
Macquarie Group Limited and a wide range of its controlled entities have lodged a notice stating they have ceased to be a substantial holder in Downer EDI Limited. The filing, made under section 671B of the Corporations Act, signals that Macquarie’s aggregate voting interest has fallen below the substantial holding threshold, potentially altering Downer’s institutional shareholder base and reducing Macquarie’s influence over corporate voting outcomes.
The notice, signed by an assistant company secretary at Macquarie on 16 March 2026, consolidates changes in relevant interests and associations across numerous Macquarie investment and asset-management vehicles globally. While specific transaction details are contained in annexures, the disclosure underscores a realignment of Macquarie’s investment exposure to Downer and informs the market of a shift in the ownership profile that other investors and stakeholders may factor into their assessment of the company’s governance and capital-market positioning.
The most recent analyst rating on (AU:DOW) stock is a Hold with a A$7.50 price target. To see the full list of analyst forecasts on Downer EDI Limited stock, see the AU:DOW Stock Forecast page.
More about Downer EDI Limited
Downer EDI Limited is an Australian-listed company operating under the ticker DOW.AX. It provides engineering, construction and infrastructure services across sectors such as transport, utilities and resources, serving government and corporate customers in Australia and New Zealand.
YTD Price Performance: -4.10%
Average Trading Volume: 1,077,185
Technical Sentiment Signal: Buy
Current Market Cap: A$4.96B
See more insights into DOW stock on TipRanks’ Stock Analysis page.