BlackRock ups stake to become UniCredit's top shareholder

MILAN Fri Mar 14, 2014 8:42am EDT

A BlackRock building is seen in New York June 12, 2009. REUTERS/Eric Thayer

A BlackRock building is seen in New York June 12, 2009.

Credit: Reuters/Eric Thayer

Related Topics

MILAN (Reuters) - BlackRock Inc (BLK.N), the world's largest money manager, has raised its stake in UniCredit (CRDI.MI) to become the Italian bank's largest shareholder, according to a filing posted on market watchdog Consob's website on Friday.

Investors in listed Italian companies must notify Consob if their stake exceeds 5 percent.

BlackRock also recently increased its holding in UniCredit's domestic rival Intesa Sanpaolo (ISP.MI) to 5 percent, and is thus Intesa's second biggest investor.

(Reporting by Gainluca Semeraro, editing by Silvia Aloisi)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.