Aurizon Holdings Limited
(ASX:AZJ) have a substantial holder in the form of UBS Group AG.
UBS purchased fully paid ordinary shares in the rail freight operator, accruing a voting power of 5.11%.
Incoming Aurizon chairman Tim Poole has acknowledged there are a range of challenges facing Aurizon as he joins the operator at a crucial time in its development. Mr Poole added there remains significant opportunity for continued business improvement and shareholder value creation.
Mr Poole, who replaced Mr Prescott on 1 September, will need to have his appointment approved by investors at Aurizon’s AGM, taking place on 12 November.
Aurizon Holdings Limited
(ASX:AZJ) reported a net profit of $604 million for FY15.
