Charter Hall builds position in Abacus Group
Charter Hall Group has bought a 5.837 per cent interest in Abacus Group.
The deal – enough to require a statement to the ASX for becoming a substantial shareholder – is for 52,161,559 securities.
It provides 5.837pc voting power.
It also may influence Abacus’ shareholder register and future corporate activity (continues below).
Securities in Abacus, which recently restructured its self-storage platform, last traded at about $1 implying Charter Hall’s holding is worth c$50m though no other details regarding the terms were disclosed.
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