BlackRock reduces its stake in Banco Sabadell from the 4.460% it had since February 14 to 3.964%, according to the notification sent this Monday to the National Securities Market Commission (CNMV) and collected by Europa Press. The participation with voting rights has been lowered from 3,399% to 2,986% so far this year. For its part, the US fund has 168.02 million shares.
Taking into account the price at which Sabadell’s shares are currently listed on the Stock Market, of 1.11 euros per title, BlackRock’s stake is valued at around 215 million euros. With this reduction, the fund registers the lowest level of participation in the entity since June 2021, when it controlled around 3.4% of the share capital. Since then, and until now, it had remained between 5 and 4%.
Banco Sabadell will continue with the repurchase of shares
However, BlackRock remains the largest significant shareholder, ahead of David Martinez (3.495%), Lewis A. Sanders (3.473%), Fintech Europe (3.105%) and Dimensional Fund Advisors (3.011%). It should be noted that Banco Sabadell is currently executing a share repurchase program whose maximum import is 204 million euros.
However, this reduction in his voting rights registers the lowest level of participation in the entity in the fund since June 2021, when he controlled around 3.4% of the share capital. The largest asset management company in the world from then until now, it had held between 5 and 4%.
