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KBC: BlackRock stake now above 5% threshold.

(CercleFinance.com) - US asset manager BlackRock now has a stake of just over 5% in KBC, the Belgian financial group said on Wednesday.

The disclosure was made after BlackRock's holding rose above the 5% threshold in terms of voting rights, at which such disclosures are mandatory.

On 30 November, BlackRock had 21,138,393 voting rights, corresponding to a 5.05% stake, according to the filing released by KBC.

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