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Macquarie Group Increases Stake in Nine Entertainment Co.

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Macquarie Group Increases Stake in Nine Entertainment Co.

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The latest announcement is out from Nine Entertainment Co. Holdings Limited ( (AU:NEC) ).

Nine Entertainment Co. Holdings Limited has experienced a change in the interests of a substantial holder, Macquarie Group Limited and its controlled entities. The voting power of Macquarie Group has increased from 10.86% to 11.87%, indicating a significant shift in their stake within the company. This change in voting power could potentially impact the company’s decision-making processes and influence its strategic direction, reflecting Macquarie’s growing influence in the media and entertainment sector.

More about Nine Entertainment Co. Holdings Limited

YTD Price Performance: 18.18%

Average Trading Volume: 7,301,641

Technical Sentiment Signal: Buy

Current Market Cap: A$2.27B

Learn more about NEC stock on TipRanks’ Stock Analysis page.

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