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Myriam Robin

It's Worley's AGM but Dar Group's move

Myriam RobinRear Window editor

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Given the events of last year's AGM season, the board and advisors at Worley probably spent some of this week at their battle-stations, war-rooming their response to any dramatics that could arise at Friday's AGM.

Wariness is warranted. The ASX-listed engineering behemoth has for some years been battling its largest shareholder, the Lebanese-born, Dubai-based Dar Group. Dar owns 22.85 per cent, and has asked for a seat on Worley's board.

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Myriam Robin is Rear Window editor based in the Melbourne newsroom. A Rear Window columnist since 2017, she previously reported on financial markets and media. Connect with Myriam on Twitter. Email Myriam at myriam.robin@afr.com

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    Original URL: https://www.afr.com/rear-window/it-s-worley-s-agm-but-dar-group-s-move-20201022-p567pj