Dar Group has sold a 19% stake in Worley to raise A$1.44bn. This will trigger passive buying and short covering and could lead to a re-rating of the stock with a blocking stake off the table.
What is covered in the Full Insight:
Background of Dar Group’s stake in WorleyParsons
Details of the stake sale
Short Interest analysis
Index implications and Free float alterations
Conclusion and future outlook
SUMMARY
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