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Vanguard Group Announces Significant Stake in Barratt Developments plc

The Vanguard Group, Inc. has disclosed a substantial ownership in Barratt Developments plc, holding a 4.89% stake in the company as of 10 May 2024. This position equates to 47,670,440 shares in the renowned construction firm. The disclosure aligns with Rule 8.3 of the Takeover Code, necessitating transparency when interests exceed 1% of relevant securities.

In recent transactions, Vanguard engaged in both purchasing and selling Barratt's shares, with 37,110 shares bought and 26,391 shares sold, each at a price of 4.94 GBP. These activities reflect Vanguard's active management of its investment in Barratt Developments. Moreover, the disclosure mentioned dealings related to another entity, Redrow plc, indicating Vanguard’s involvement in multiple aspects of the real estate development sector.

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