Batumi News & Updates | English
Batumi News & Updates | English
May 17, 2025 at 05:14 PM
*🏦 BlackRock Acquires 5.02% Stake in TBC Bank Group* BlackRock has acquired a 5.02% stake in Georgia's TBC Bank Group, with 4.02% purchased directly and 1% through financial instruments like contracts for difference (CFD). This represents 2,827,737 shares with voting rights. CFDs allow BlackRock to profit from stock price changes without full ownership, potentially granting temporary voting rights at shareholder meetings. The deal was finalized on May 12, 2025, in London.
Image from Batumi News & Updates | English: *🏦 BlackRock Acquires 5.02% Stake in TBC Bank Group*  BlackRock has a...

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