US firm raises stake in Itay's UniCredit
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[February 02, 2013]
U.S. investment firm Blackrock has increased its stake in Italian bank UniCredit to become its second-largest shareholder.
The Italian stock market watchdog, Consob, said Blackrock raised its stake to 5.036 percent, from 3.103 percent at the end of November. Institutional investors are required to disclose publicly when their stakes exceed the 5 percent level.