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Bingo chief executive lifts stake to 19.8pc

Simon Evans

The chief executive of Bingo Industries is lifting his stake in the waste management group to 19.83 per cent by buying an extra 30 million shares worth $77 million from his mother and father.

Daniel Tartak, who already has a personal holding of 15.2 per cent in Bingo, will acquire the extra shares once a blackout period ends at the close of ASX trading on November 13, from entities associated with Mary Tartak and Tony Tartak.

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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com

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    Original URL: https://www.afr.com/companies/infrastructure/bingo-ceo-daniel-tartak-lifts-stake-to-19-8-per-cent-20191112-p539w9