BlackRock ups stake to become UniCredit's top shareholder
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)