BlackRock has 5 percent stake in SocGen: French market regulator

PARIS Fri Jan 25, 2013 5:44pm IST

Stocks

   

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)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared