BlackRock increases interest in Vestas with DKK11bn investment
Date
October 16, 2020
Type
M&A Transactions
Subtype
Transaction completed
Countries
Denmark
Subsectors
Onshore Wind
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US investment management company BlackRock Inc has acquired an additional interest in the Danish wind turbine manufacturer Vestas Wind Systems A/S with BlackRock's interest in the company up by 0.06% from 4.97%.
BlackRock now holds 5.03% stakes in Vestas that is worth about DKK 11.2 billion (US$1.8 billion) of investment with DKK1,134.5 (US$180.02) of Vestas' shares apiece.
Considering the financial instrument, Blackrock's total position in Vestas is about 5.36%.
