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Mitsubishi UFJ Financial Group Acquires Substantial Stake in Iluka Resources

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Mitsubishi UFJ Financial Group Acquires Substantial Stake in Iluka Resources

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Iluka Resources Limited ( (AU:ILU) ) has issued an update.

Mitsubishi UFJ Financial Group, Inc. has acquired a substantial holding in Iluka Resources Limited, a company involved in the mining and production of mineral sands. This acquisition gives Mitsubishi UFJ Financial Group a 5.23% voting power in Iluka Resources, indicating a significant stake that could influence the company’s strategic decisions and operations.

The most recent analyst rating on (AU:ILU) stock is a Buy with a A$4.65 price target. To see the full list of analyst forecasts on Iluka Resources Limited stock, see the AU:ILU Stock Forecast page.

More about Iluka Resources Limited

Average Trading Volume: 3,669,772

Technical Sentiment Signal: Sell

Current Market Cap: A$1.63B

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

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