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Bank of America Ups Stake in Drax Group
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Bank of America Ups Stake in Drax Group

Drax Group plc (GB:DRX) has released an update.

Drax Group PLC has announced a significant change in shareholdings, with Bank of America Corporation crossing a notable threshold on May 17, 2024, resulting in a combined total of approximately 9.22% of voting rights through shares and financial instruments. The notification indicates a marked increase from the previous position, underscoring potential shifts in investor influence within the UK-based energy company.

For further insights into GB:DRX stock, check out TipRanks’ Stock Analysis page.

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