GGRAsia – BlackRock substantial shareholder in Aristocrat Leisure

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BlackRock substantial shareholder in Aristocrat Leisure

Dec 16, 2015 Newsdesk Latest News, Top of the deck, World

BlackRock substantial shareholder in Aristocrat Leisure

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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