FRANKFURT - New solar installations reached a fresh record of 7.5 gigawatts (GW) in Germany in 2011, playing into the hands of advocates for steeper cuts in tariff subsidies to reduce growth of solar power and the resulting higher costs for consumers.
BlackRock has 5 percent stake in SocGen: French market regulator
PARIS (Reuters) - Asset manager BlackRock (BLK.N) has a stake of just over 5 percent of French bank Societe Generale (SOGN.PA), French market regulator AMF said on Friday.
The disclosure was made after BlackRock's holding - acquired on and off the market - rose above the 5 percent threshold at which such disclosures are mandatory.
On behalf of clients and funds under management, BlackRock now has a 5.002 percent stake in SocGen and 4.48 percent of voting rights in the group, according to the AMF filing.
A BlackRock spokesman in London said the asset manager did not comment on individual company holdings.
(Reporting by Christian Plumb and Benjamin Mallet. Editing by Jane Merriman)
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