Abacus Group Denies Morgan Stanley Stake Sale Plan; Says No Talks With Charter Hall
MT Newswires Live
May 21
Abacus Group (ASX:ABG) said a Morgan Stanley transaction referenced in media speculation published in The Australian has not proceeded, according to a Thursday Australian bourse filing.
Morgan Stanley is planning to sell down about 20% stake of Abacus Group in Abacus Storage King (ASX:ASK), according to a Tuesday report by The Australian, citing sources.
The report also noted that Charter Hall (ASX:CHC) has recently raised its stake in Abacus Group to above 5.8%, but Abacus said that there are no discussions with Charter Hall.
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