Commonwealth Bank declares 5% stake in ERoad through various subsidaries

Wed, 15 Oct 2014

By Suze Metherell Oct. 15 (BusinessDesk) - The Commonwealth Bank of Australia has taken a substantial shareholding in ERoad, two months after the logistics and fleet management company floated on the NZX. Australia's largest bank holds a 5.19 percent stake, or 3.1 million shares worth $9.54 million, in the Auckland-based company according to a substantial holding notice lodged with the NZX. The stake is split across its subsidiaries, with Colonial First State Asset Management holding 4.4 percent, while ASB Bank holds 0.8 percent. Acco...

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