Louis Dreyfus Raises Stake in Namoi Cotton to Over 70%

MT Newswires Live

2024/10/08

Namoi Cotton (ASX:NAM) said Louis Dreyfus raised its stake in the company to 70.12% from 67.49%, according to a Tuesday filing with the Australian bourse.

Meanwhile, Olam Agri reduced its stake in the Australian cotton processor to 6.72% from 8.24%, according to a separate filing.

Namoi Cotton's shares gained nearly 1% in recent Tuesday trade.

Price (AUD): $0.78, Change: $+0.01, Percent Change: +0.65%

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