Galilee Energy Limited (AU:GLL) has released an update.
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UBS Group AG has acquired a 6.92% stake in Galilee Energy Limited, becoming a substantial shareholder with over 26 million ordinary shares. This strategic move by UBS was announced on August 20, 2024, marking a significant investment by the financial giant into the energy sector. The shares are held through UBS Securities Australia Ltd and are associated with several related corporate bodies.
For further insights into AU:GLL stock, check out TipRanks’ Stock Analysis page.