Givaudan: BlackRock stake down to under 5%
(CercleFinance.com) - US asset manager BlackRock said on Friday that its stake in Swiss fragrance and flavors company Givaudan has dropped below 5%, due to a disposal of collateral.
BlackRock said its direct stake in Givaudan was 375,588 shares on 5 April, or 4.07% of voting rights, while its indirect stake reached 80,382 shares, or 0.87% of voting rights.
Its current stake hence represents 4.94% of the group's voting rights.
BlackRock did not disclose the previous size of its stake.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
BlackRock said its direct stake in Givaudan was 375,588 shares on 5 April, or 4.07% of voting rights, while its indirect stake reached 80,382 shares, or 0.87% of voting rights.
Its current stake hence represents 4.94% of the group's voting rights.
BlackRock did not disclose the previous size of its stake.
Copyright (c) 2019 CercleFinance.com. All rights reserved.