American Blackrock becomes Unicredit’s top shareholder

IMG title=”” alt=”” src=”http://www.mineralfossil.com/wp-content/uploads/2014/03/wpid-5d0bc91413c1a39058db34872aece1d5.jpg” IMG class=hide alt=”American Blackrock becomes Unicredit’s top shareholder” src=”http://www.mineralfossil.com/wp-content/uploads/2014/03/wpid-5d0bc91413c1a39058db34872aece1d5.jpg” (ANSA) – Milan, March 14 – Blackrock, a US-based investment-management corporation, has increased its stake in Italy’s Unicredit to 5.2%, making it the bank’s top shareholder, market watchdog Consob said on Friday. PInvestors in listed Italian companies need to notify Consob if their stake is over 5%./PPThe 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./PPBlackrock has also pulled ahead of Italian foundations including Cariverona, which has a 3.5% stake./PPBlackrock has also recently increased to 5% its investments in another Italian bank, Unicredit’s rival Intesa San Paolo./PIMG id=mediaViewer title=”” alt=”” src=”http://www.mineralfossil.com/wp-content/uploads/2014/03/wpid-trasp142.gif”ALL RIGHTS RESERVED