China Investment Corp. (CIC) has sold most of its stake in BlackRock (BLK) via a gradual...
China Investment Corp. (CIC) has sold most of its stake in BlackRock (BLK) via a gradual offloading of shares over the past few months, the FT reports. CIC had held just under 3% which was worth about $1B. CIC has made a profit on the investment, although it's suffering losses on Blackstone (BX), Morgan Stanley (MS) and Noble Energy (NBL).
From other sites
BLACKROCK : Entry into a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K)at 4-traders.com (Mon, 12:15PM)
at CNBC.com (Thu, 12:12PM)
at Financial Times (Apr 12, 2015)
at CNBC.com (Apr 8, 2015)
at Zacks.com (Apr 7, 2015)
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