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.

Bank of America Corporation has adjusted its stake in UK-based energy company Drax Group PLC, crossing a significant threshold as of May 20, 2024. The financial titan now commands a mix of direct and indirect voting rights totaling 10.148709%, a notable change from its previous notification. This shift in shareholding structure was officially communicated to Drax Group on May 21, 2024.

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

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