BlackRock's Indirect Shareholding in Nordea Bank Abp Crosses 5% Threshold

Strategic Insights -

On February 10, 2022, BlackRock, Inc. crossed the 5% threshold of Nordea Bank Abp's shares and voting rights, according to a notification under the Securities Markets Act. As of the date of the notification, BlackRock's indirect shareholding of Nordea Bank Abp's shares and voting rights stood at 5.10%. This move marked a significant milestone in the company's ownership structure, as the total number of shares and voting rights in Nordea Bank Abp is approximately 3.93 billion.

Key Takeaways:

  • BlackRock, Inc.'s indirect shareholding of Nordea Bank Abp's shares and voting rights crossed the 5% threshold on February 10, 2022, with a total of 200,803,670 shares and 5.10% of voting rights.
  • The total number of shares and voting rights in Nordea Bank Abp is 3,930,834,811.
  • BlackRock, Inc.'s funds also hold a 0.05% stake in Nordea Bank Abp through financial instruments.
  • The controlled undertakings through which the shares, voting rights, and financial instruments are effectively held include BlackRock Japan Co., Ltd., BlackRock Investment Management, LLC, and several other BlackRock subsidiaries and affiliates.
  • The notification under the Securities Markets Act requires BlackRock, Inc. to disclose its indirect shareholding and voting rights in Nordea Bank Abp, as it has crossed the 5% threshold.

Statistics:

  • Total number of shares and voting rights in Nordea Bank Abp: 3,930,834,811
  • BlackRock, Inc.'s indirect shareholding: 200,803,670 shares and 5.10% of voting rights
  • BlackRock, Inc.'s funds' holding through financial instruments: 2,357,617 shares and 0.05% of voting rights
  • Date on which the threshold was crossed or reached: February 10, 2022

Sources:

  • Securities Markets Act, Chapter 9, Section 5
  • Oslo: Nordea Bank Abp's notification under the Securities Markets Act, February 11, 2022