Soul Patts Ceases to Be Substantial Holder in Symal Group

Washington H. Soul Pattinson and Co. ( (AU:SOL) ) has issued an update.

Washington H. Soul Pattinson and Company Limited (Soul Patts) has notified Symal Group Limited that it has ceased to be a substantial shareholder as of 7 April 2026, in accordance with Australian Corporations Act disclosure rules. The change reflects transactions undertaken since its previous notice in March 2026 and includes a reduction in relevant interests held via Pengana Capital Group, signalling a further reshaping of Soul Patts’ portfolio exposure to Symal and related holdings.

The filing clarifies that Soul Patts’ direct relevant interest in EQT remains unchanged at 4.13%, with the variation instead arising from technical interests deemed through its voting power in Pengana Capital Group. This adjustment may alter Soul Patts’ influence over Symal Group’s corporate decisions while underscoring the company’s active portfolio management and ongoing recalibration of its associated shareholdings in the Australian market.

The most recent analyst rating on (AU:SOL) stock is a Hold with a A$41.85 price target. To see the full list of analyst forecasts on Washington H. Soul Pattinson and Co. stock, see the AU:SOL Stock Forecast page.

More about Washington H. Soul Pattinson and Co.

Washington H. Soul Pattinson and Company Limited is an Australian investment company with a diversified portfolio spanning sectors such as industrials, financial services and other listed investments. Through its subsidiaries and associated entities, it holds significant stakes in various ASX-listed companies, actively managing these positions as part of its long-term investment strategy.

Average Trading Volume: 621,778

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$16.31B

For an in-depth examination of SOL stock, go to TipRanks’ Overview page.