Givaudan: BlackRock stake down to under 5%

(CercleFinance.com) - US asset manager BlackRock said on Friday that its stake in Swiss fragrance and flavors company Givaudan has dropped below 5%, due to a disposal of collateral.


BlackRock said its direct stake in Givaudan was 375,588 shares on 5 April, or 4.07% of voting rights, while its indirect stake reached 80,382 shares, or 0.87% of voting rights.

Its current stake hence represents 4.94% of the group's voting rights.

BlackRock did not disclose the previous size of its stake.

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