BlackRock Group, one of the world’s largest managers of investment assets, has become a substantial shareholder of slot machine maker Aristocrat Leisure Ltd, according to a filing by the latter company to the Australian Securities Exchange.
The Tuesday filing said that the process of becoming a substantial shareholder was completed on December 10.
BlackRock – via BlackRock Inc and some subsidiaries – currently holds 31,963,083 ordinary shares in Aristocrat Leisure, representing 5.01 percent of the gaming technology firm’s votable stock.
Aristocrat Leisure – one of the larger casino technology firms in the world – has a market capitalisation of approximately AUD6.01 billion (US$4.32 billion), according to Bloomberg data.
BlackRock Group has assets worth US$4.5 trillion under its management, according to its corporate website.
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