Post a Comment Print Share on Facebook
Featured PP PSOE Rusia Feijóo Estados Unidos

GQG Partners reduces its stake in BBVA to below 3% and ceases to be a significant shareholder

MADRID, 29 Ago.

- 9 reads.

GQG Partners reduces its stake in BBVA to below 3% and ceases to be a significant shareholder

MADRID, 29 Ago. (EUROPA PRESS) -

The American boutique GQG Partners has reduced its stake in BBVA to below 3%, for which it has ceased to be one of its significant shareholders, according to the notifications sent to the National Securities Market Commission (CNMV).

The firm broke into the bank's shareholding in February 2021, with a 3,090% stake. It has not made any further movement until April 7, when it reduced its participation to 2.957%, although it has been notified now.

This reduction coincides in time with the repurchase program that the bank has carried out in the last year and which has meant a disbursement of 3,160 million euros for BBVA.

Specifically, the boutique would own around 197.18 million shares, which at the current market price (4.27 euros per share) have a value of 844.6 million euros.

With the departure of GQG Partners, BlackRock is the only significant shareholder in the entity chaired by Carlos Torres. Since April 2019, he has held a stake of almost 6% in BBVA.

Keywords:
BBVA