Commonwealth Bank of Australia
(ASX:CBA) has been on a buying spree, becoming a substantial holder in five listed companies.
The multinational bank acquired shares in Beacon Lighting Group Limited, SG Fleet Group Limited, Asaleo Care Limited, Freedom Foods Group Limited and Shine Corporate Limited.
CBA purchased fully paid ordinary shares in each company, accruing a voting power of between 3.09-5.38 percent across the board.
The company announced earlier this week it had completed its $5.1 billion capital raising, in a bid to meet higher capital requirements set by APRA.
Commonwealth Bank of Australia posted a profit of $9.1 billion in FY15.
