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BlackRock Raises its Stake in BME. Do you Expect a Counter-Coup from Euronext?

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BME Spanishstock exchangeBME Spanish stock exchange

Posted By: The Corner 5th March 2020

Alphavalue | BlackRock has increased its participation to 3.726% in the Spanish market manager in the middle of a takeover bid by the Swiss operator SixGroup. Is BlackRock expecting a counter-coup movement from Euronext?
BlackRock has continued to gradually increase its positioning in stocks and Spanish markets (Bolsas y Mercados Españoles – BME) in recent months and now exceeds 3.7% in the midst of a takeover bid by Six, as recorded in the records of the National Securities Market Commission (CNMV).
Specifically, the firm has a 3.726% stake in BME’s capital, controlling 3.666% through shares and 0.06% through financial instruments.
At the price at which BME shares closed on Tuesday (34.32 euros), this position has a market value of 106.93 million euros.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.