Webjet Group (ASX:WJL) said Commonwealth Bank of Australia (ASX:CBA) is no longer a substantial shareholder of the company, effective Tuesday, according to a Wednesday filing with the Australian bourse.
The bank and its affiliates became a substantial shareholder of the company on Sept. 25, 2024, after gaining relevant interests of about 21.5 million shares, a separate filing showed.
Webjet Group's shares fell nearly 1% in recent Wednesday trade.
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