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Citigroup Becomes Substantial Shareholder in Karoon Energy

Story Highlights
  • Citigroup Global Markets Australia now holds 6.5293% voting power in Karoon Energy.
  • This investment by Citigroup may influence Karoon Energy’s market position and future outlook.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Citigroup Becomes Substantial Shareholder in Karoon Energy

Karoon Energy Ltd ( (AU:KAR) ) just unveiled an announcement.

Citigroup Global Markets Australia Pty Limited has become a substantial shareholder in Karoon Energy Ltd, holding a 6.5293% voting power through various related entities. This development indicates a significant investment by Citigroup in Karoon Energy, potentially impacting the company’s market dynamics and signaling confidence in its future prospects.

More about Karoon Energy Ltd

YTD Price Performance: 16.77%

Average Trading Volume: 4,587

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $725.4M

See more data about KAR stock on TipRanks’ Stock Analysis page.

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Questions or Comments about the article? Write to editor@tipranks.com
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