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Turners Automotive Group Ltd Adjusts Substantial Holdings

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Turners Automotive Group Ltd Adjusts Substantial Holdings

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Turners Automotive Group Ltd ( (AU:TRA) ) has provided an announcement.

Turners Automotive Group Ltd has experienced a change in its substantial holdings, with Montezemolo Holdings Limited disposing of 500,000 shares, reducing its stake from 7.540% to 6.058%. This transaction, executed on the NZX Main Board, reflects a strategic adjustment in the holdings of Grant Baker and associated entities, potentially impacting the company’s market positioning and shareholder dynamics.

More about Turners Automotive Group Ltd

Turners Automotive Group Ltd operates in the automotive industry, focusing on the sale and purchase of vehicles. It is a significant player in the New Zealand market, providing a range of automotive products and services.

Average Trading Volume: 213

Technical Sentiment Signal: Buy

Current Market Cap: A$627.6M

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

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