Treasury Wine Estates Limited (AU:TWE) has released an update.
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Treasury Wine Estates Ltd. experienced a decrease in shareholding by The Capital Group Companies, Inc. (CGC), from 8.46% to 7.33% of voting power, as reported in their latest filing. The change, occurring between October 2022 and May 2024, represents a net decrease of 1,546,464 votes due to a reduction in owned shares and an increase in the total outstanding shares. This shift reflects CGC’s adjusted investment position in the company, with an average transaction price for the shares at 11.71 AUD and 8.14 USD.
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