Another 'The Australian' article, this time from Bridget Carter's Data Room, to be in print on Monday 22 January 2024:

Deals galore in 2024 as private equity sells off assets

...But take a look at what’s in the portfolios of well-known private equity funds in Australia, and one can only come to the conclusion that a fair bit of clearing the decks needs to be done this year...

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This may be a key reason why AND's SP has risen.