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BlackRock Increases its Stake in Merlin to More Than 5% during a Key Week for Madrid Nuevo Norte

The American giant has increased its stake by just over one percentage point to become the third largest shareholder in the largest Socimi in Spain by asset value.

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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.

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