Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The latest announcement is out from Downer EDI Limited ( (AU:DOW) ).
Macquarie Group Limited and a range of its controlled entities have disclosed an initial substantial holding in Downer EDI, accumulating 33,342,910 fully paid ordinary shares. This stake represents 5.04% of Downer’s voting power, crossing the regulatory threshold that triggers substantial holder reporting under the Corporations Act.
The position is spread across multiple Macquarie investment and banking arms, reflecting a mix of stock borrowing and lending, trustee, custody and investment management arrangements. The emergence of Macquarie as a substantial holder underscores growing institutional interest in Downer’s stock and may influence trading dynamics and governance engagement, given Macquarie’s capacity to vote and dispose of a meaningful block of shares.
More about Downer EDI Limited
Downer EDI Limited is an Australian-listed company (DOW.AX) that provides engineering, construction and infrastructure services across sectors such as transport, utilities and facilities management. The group plays a key role in large-scale public and private projects, making its share register and major shareholders relevant to institutional and retail investors alike.
See more data about DOW stock on TipRanks’ Stock Analysis page.