American Blackrock becomes Unicredit's top shareholder
U.S. investment house boosts stake in Italian bank to 5.2%14 March, 15:41
Investors in listed Italian companies need to notify Consob if their stake is over 5%.
The US giant has increased its holding in the bank from 4.9%, becoming its leading shareholder ahead of Aabar Investments, the Abu Dhabi-linked investment vehicle, and Russian-backed private equity firm Pamplona, both of which have a 5% stake.
Blackrock has also pulled ahead of Italian foundations including Cariverona, which has a 3.5% stake.
Blackrock has also recently increased to 5% its investments in another Italian bank, Unicredit's rival Intesa San Paolo.