ANZ entities cut Stride Property stake to 10.3%

ANZ New Zealand Investments Limited, ANZ Bank New Zealand Limited, and ANZ Custodial Services New Zealand Limited have cut their combined stake in Stride Property Group to 57.4m units (10.3%) as of July 30.

This represents a decrease from 63.4m units (11.3%) disclosed in May. The reduction was driven by ANZ New Zealand Investments Limited selling nearly 6m shares on-market.

ANZ New Zealand Investments now holds 56.7m units (10.1%), while the other two entities each hold 735,543 units (0.13%).