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HELSINKI - BlackRock (NYSE:BLK), Inc. has increased its ownership stake in Finnish insurance and investment company Sampo Oyj (HELSINKI:SAMPO) to 7.00% of shares and 6.98% of voting rights, according to a regulatory filing released Thursday.
The increased stake follows BlackRock’s restructuring after its acquisition of HPS Investment Partners. The asset manager’s previous disclosed holding was 5.93% of shares and 5.92% of voting rights.
According to the notification, BlackRock now directly holds 185,655,678 shares representing 6.89% of Sampo’s total shares and 6.88% of voting rights. An additional 0.10% stake is held through financial instruments, including American Depository Receipts and contracts for difference.
Sampo’s share capital consists of 2,691,238,860 shares, divided into 2,690,238,860 A-series shares and 1,000,000 B-series shares. Each A-series share carries one vote while each B-series share carries five votes, bringing the total number of votes to 2,695,238,860.
The disclosure was made in accordance with Finnish securities market regulations, which require notification when ownership thresholds are crossed. The information is based on a stock exchange release from Sampo Oyj.
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