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.

{{content.question}}

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