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Karoon Energy Says CBA Ceases to be Substantial Shareholder

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Karoon Energy (ASX:KAR) received notice that Commonwealth Bank of Australia (ASX:CBA) and its affiliates are no longer substantial holders of the company from Wednesday, according to a Thursday filing with the Australian bourse.

CBA and its affiliates became a substantial holder of the company on Tuesday, with a total voting power of 5.02%, an earlier filing showed.

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