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Genmab: BlackRock owns 5 percent stake

(CercleFinance.com) - US asset manager BlackRock now has a stake of 5 percent in Genmab, the Danish biotechnology company said late on Friday.


In a regulatory filing, Genmab said that it has been informed that BlackRock has increased its total shareholding to 3,085,192 shares as of 18 July, which represents 5% of the group's share capital and voting rights.

The move comes as Genmab last week priced its initial public offering of American Depositary Shares (ADS) on the Nasdaq.

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