Reuters – Blackrock Owns 5% of Societe Generale

U.S. asset manager BlackRock has a stake of just over 5 percent of French bank Societe Generale, French market regulator AMF said on Friday, Reuters reported. 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.

(Reuters) – U.S. asset manager BlackRock has a stake of just over 5 percent of French bank Societe Generale, 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.