Blackrock becomes second biggest shareholder in Italy's Intesa

MILAN Fri Feb 21, 2014 4:46am EST

MILAN Feb 21 (Reuters) - U.S. fund BlackRock has raised its stake in Italy's biggest retail bank Intesa Sanpaolo to 5 percent, becoming the lender's second biggest investor, according to Intesa's website.

BlackRock previously had a holding of less than 2 percent in the bank.

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