Cromwell Property Group (AU:CMW) has released an update.
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Sherbourne Holdings, LLC, as part of a bidding consortium, has acquired a substantial interest in Cromwell Property Group, with a collective holding of about 30.69% in the company’s shares. This strategic move, facilitated by an exclusivity and standstill agreement, positions Sherbourne and its associates as major players in Cromwell’s future. The acquisition highlights a significant shift in the ownership structure of the real estate investment company.
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