MADRID, 8 Sep. (EUROPA PRESS) -
BlackRock has increased its presence in the capital of Enagás to 5.1%, its highest level since it became a shareholder five years ago, and Norges Bank has done the same in Repsol to 3.3%, in the midst of the energy crisis and at a time when the multi-energy company has sold 25% of its oil business to the EIG fund.
According to the records of the National Securities Market Commission (CNMV), BlackRock's stake in Enagás has gone from 3.4% to the current 5.1%, in the first change notified by the investment fund manager since October 2017.
BlackRock has increased both the voting rights it held indirectly and the financial instruments. The former have gone from 7.6 million titles to 11 million and the latter from just 430,000 titles to the more than 2.3 million that they now have in share loans and CFDs.
Precisely, BlackRock appears on the list of funds that have a bearish position on Enagás of more than 0.5%. Specifically, in the last update of last May, the manager had an open short position for 0.97% of the capital.
With this new change, BlackRock has become the shareholder with the largest stake in the company, above Amancio Ortega, who has 5%, and the public holding company SEPI, also with another 5%. Bank Of America (3.6%), Mubadala (3.1%) and State Street (3%) are the other significant shareholders of Enagás.
For its part, the update of Norges Bank in Repsol has meant increasing its stake from the previous 2.8% to the current 3.3%, although it is a common movement by the Norwegian investment fund, which regularly goes down or up its participation in the oil company. In fact, last July it had 3.3% and, since then, it has reported up to 8 different downward and upward changes.
Norges currently appears in second position on the list of Repsol's most relevant shareholders, only behind BlackRock, which has 5.5%, and ahead of Amundi, which controls 3.2% of the total.
Repsol has sold 25% of its upstream business to the US fund EIG for 4,850 million, which will allow the company chaired by Antonio Brufau to raise its dividend and grow in renewable energies.