Sandon Capital Investments Limited (AU:SNC) has released an update.
Sandon Capital Investments Ltd. reported a slight decline in its portfolio by 1.2% for the month, outperforming the All Ordinaries Accumulation Index which fell by 2.7%. The company announced a takeover offer for Carbon Conscious Investments Ltd and highlighted positive contributions from select investments, notably IDT Australia Ltd, which has entered a lucrative agreement with Sanofi and expects a return to profitability. Mergers and acquisitions activity was also noted with Coventry Group Ltd’s strategic purchase of Steelmasters Group, expected to boost earnings and value.
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