Goldman Sachs reduced participation Santander Y BBVA and ceased to be a major shareholder. In both banks, their share of capital has skyrocketed after last week, to over 7%, according to records from the National Securities Market Commission (CNMV) consulted by Europa Press.
Last week, the US bank reported that it holds a 7,409 percent stake in BBVA, although it is primarily expressed through derivatives, i.e. client transactions through the Goldman Sachs trading space.
This situation has already occurred April, When He entered the capital of the US bank BBVA with a 5.9% stake, Mostly through financial instruments, although it quickly reduced the position to 0.760%.
Now it has declared a participation of 1.037 percent and is articulated to a greater extent with voting rights (0.673%), the rest (0,364%) is provided from financial instruments. In total, he owns 62.4 million shares worth €352 million at a current price of €5,649 per title.
With this decrease in their participation, BlackRock once again becomes the sole major shareholder of BBVAby controlling 5.917% of the bank’s capital.
The same is true in the case of Santander. Last week, the US bank reported a 7,465% position, which was mostly established with financial instruments, but has now been reduced to 0.608%, representing approximately 102.2 million shares.
Goldman Sachs controls this percentage through both voting rights (0.243%) and financial instruments (0.365%), and is valued at approximately €288 million at €2,818 per title, the current price at which Santander shares are quoted.
The departure of the US bank as a major shareholder repositions BlackRock as the main investor in the organization headed by Ana Botín, who controls 5,426% of the capital. It is followed by Dodge & Cox (3.038%) and Norges Bank (3.006%).