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Blackrock to lower stake to 4.9% in Banco Popolare

Blackrock to lower stake to 4.9% in Banco Popolare

MILAN: Blackrock U.S. investment firm lowered its stake in Italian cooperative bank Banco Popolare, according to a regulatory filing on Friday.

This showed a holding of 4.91 percent as of Nov. 21. The filing by market regulator Consob said BlackRock owned 6.85 percent of Banco Popolare as of March 31.