Ausgroup

Ausgroup: Ezion has emerged as a substantial shareholder in AusGroup following a 6.9% stake purchase in the company. To recap, last week AusGroup announced that it has received a letter from a party informing that it has acquired a substantial shareholding of ~6.9% in the company. The party has also proposed the exploration of strategic collaboration opportunities with AusGroup, as well as other ways to optimise the likelihood of success of such collaboration. AusGroup is currently considering such proposals and, where appropriate, intends to engage in discussions with the relevant parties, although any further updates will be announced in due course.