Zip Co Ltd. (AU:ZIP) has released an update.
UBS Group AG has become a significant investor in Zip Co Limited, acquiring a 5.82% stake through various entities including UBS AG London Branch and UBS Securities Australia Ltd. The acquisition positions UBS Group AG as a substantial holder with the power to influence decisions with their considerable voting power in the company. The financial details pertaining to the transactions leading up to this substantial holding have been outlined in an appendix.
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