Vanguard Group Acquires 5% Stake in Flight Centre

Flight Centre Travel Group Limited (AU:FLT) has released an update.

Vanguard Group has become a substantial shareholder in Flight Centre Travel Group Limited, acquiring a 5.001% voting power through 11,094,591 ordinary shares. The group’s influence in the company emerged from their capacity to dispose of these shares, managed across various mutual funds and accounts. The shares are held by entities like Brown Brothers Harriman and State Street Bank and Trust Company on behalf of Vanguard’s various funds and accounts.

For further insights into AU:FLT stock, check out TipRanks’ Stock Analysis page.