BlackRock raises share in Belgian financial group
Brussels-headquartered financial group KBC has reported that asset management giant BlackRock has crossed the 5% threshold as shareholder on 11 July 2017, following a net purchase of shares.
BlackRock’s weight in KBC Group’s shareholding now amounts to 5.1%.
In detail, BlackRock’s share in the Belgian financial group is held by over 15 of the manager’s entities.
As of end 2016, KBC estimated that its Belgium-based core shareholders were holding 40% of its capital, the remaining 60% being held by institutional investors across the world including BlackRock.