March 14, 2014 / 12:41 PM / 3 years ago

BlackRock ups stake to become UniCredit's top shareholder

MILAN, March 14 (Reuters) - BlackRock Inc, the world's largest money manager, has raised its stake in UniCredit 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 to 5 percent, and is thus Intesa's second biggest investor.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below