Skip to main content
Advertising

Originally published Friday, February 1, 2013 at 10:25 AM

  • Share:
           
  • Comments (0)
  • Print

US firm raises stake in Itay's UniCredit

U.S. investment firm Blackrock has increased its stake in Italian bank UniCredit to become its second-largest shareholder.

The Associated Press

Most Popular Comments
Hide / Show comments
No comments have been posted to this article.
Start the conversation >

advertising

MILAN —

U.S. investment firm Blackrock has increased its stake in Italian bank UniCredit to become its second-largest shareholder.

The Italian stock market watchdog, Consob, said Blackrock raised its stake to 5.036 percent, from 3.103 percent at the end of November. Institutional investors are required to disclose publicly when their stakes exceed the 5 percent level.

The Abu Dhabi investment fund is the largest shareholder with 6.501 percent. Private equity firm Pamplona Capital Management is third with a 5.011 percent share.

In all, one-quarter of UniCredit shares are in foreign hands.

UniCredit shares closed the week down 2.6 percent at (EURO)4.634 ($6.34) in Milan.

News where, when and how you want it

Email Icon

The Seattle Times photographs

Seattle space needle and mountains

Purchase The Seattle Times images


Advertising