Coronation Asset Management cuts stake in Abil - CNBC Africa

Coronation Asset Management cuts stake in Abil

Southern Africa

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African Bank says Coronation Asset Management has cut its stake from 19.62 per cent to 8.28 per cent. PHOTO: Luxury Brands

Coronation Asset Management Limited has notified the bank that it has decreased its holding in ordinary shares of Abil from 19.62 per cent to 8.28 per cent.

"[DATA CML:Coronation Asset Management Limited] has today, notified the company that accounts under its management has decreased its holding in the ordinary shares of [DATA ABL:African Bank Investments Limited] from 19.62 per cent to 8.28 per cent, based on the total issued shares of the company being 1 501 093 232 shares," the asset management company said in a statement.

Read the full communique here.

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