The World’s Biggest Manager Raises His Exposure to Brazil’s Small Oil Company – Money Times

a Black stonethe world’s largest asset management company, from its stake in A Small Brazilian oil companya document disclosed to the market this Tuesday (11) appears.

The company in question is 3R Petroleum (RRRP3). BlackRock reports that it, as an investment manager, now owns 12,052,415 issued common shares, which is equivalent to 5.023% of the company’s share capital.

The manager explained in a document sent to 3R that the aim of the shareholding is purely investment in nature, and is not intended to change shareholding control or the management structure of the company.

BlackRock has not entered into any contracts or agreements governing the exercise of voting rights or the purchase and sale of 3R securities.

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