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Myriam Robin

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

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 a senior writer based in the Melbourne newsroom. She has previously been a Rear Window columnist and editor, and before that 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