Capitaland cuts Australand stake

Major shareholder sells a 20% chunk of the property group to new and existing institutional investors.

Australand Property Group's (ALZ) major shareholder has sold a 20% chunk of the group to a range of existing and new institutional investors.

In a statement to the Australian Securities Exchange, Capitaland Ltd said when the placement is completed, its interest in Australand will be reduced from 59.1 per cent to 39.1 per cent.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles