Blackrock, the renowned investment manager, has decreased its participation in Banco Sabadell to 6,235%, thus reaching its lowest level since the end of May 2024. At that time, Blackrock raised its position from 3,929%to 6,275%, according to the records of the National Securities Market Commission (CNMV).
BBVA OPA Impact on Banco Sabadell
BBVA’s intention to launch a public acquisition offer (hostile OPA) on Banco Sabadell has generated a scenario in which the entity is required to notify all changes in its shareholding structure. This has led Blackrock to report daily on small variations in its position, either reducing, increasing or modifying the weight between financial actions and instruments.
Details of changes in Blackrock’s participation
Since January 30, the American manager has gradually reducing his participation, going from 6.3% to 6.2%until reaching the minimum registered since May 31, 2024, when it was at 3,929%. It was June 3 when it raised it to 6,275%.
Blackrock’s participation composition
Blackrock’s participation in Banco Sabadell It is mainly structured through voting rights, representing 6,194% of the total. The rest of your participation is controlled through financial instruments. In total, the manager has 33.9 million shares of Banco Sabadell, which, at the current price of 2.28 euros per share, have a value of 77.3 million euros.