Karoon Energy Says Citigroup Becomes Substantial Holder

MT Newswires Live

2025/12/17

Karoon Energy (ASX:KAR) received notice that Citigroup Global Markets Australia and its affiliated entities became a substantial holder of the company on Monday, according to a Wednesday filing with the Australian bourse.

Citigroup now owns 36.6 million shares in the company, representing a 5.03% total voting power, the filing said.

The company's shares fell around 2% in recent Wednesday trade.

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