A key move in a key week for Merlin Properties. The world’s largest manager, BlackRock, has increased its stake in the largest Spanish Socimi by more than one percentage point, to more than 5%. That stake is worth around 215 million euros at current market prices.
This is the first variation that the US investment giant has reported in more than five years as a shareholder of Merlin, specifically since June 2017, when it made its first investment in the Socimi to acquire a 3.97% stake, reports Europa Press.
Read the full article in Spanish.