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Citigroup Adjusts Its Stake in Karoon Energy

Karoon Energy Ltd (AU:KAR) has released an update.

Citigroup Global Markets Australia Pty Limited has ceased to be a substantial holder in Karoon Energy Ltd as of December 18, 2024, with significant changes in their shares held due to securities lending agreements. The shift reflects Citigroup’s strategic adjustments in their investment portfolio, impacting their voting interests in the company. This development is crucial for investors monitoring institutional movements in Karoon Energy’s stock.

For further insights into AU:KAR stock, check out TipRanks’ Stock Analysis page.

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