MADRID: Goldman Sachs owns 3.9 per cent of Spanish supermarket chain DIA, according to a filing with Spain’s market regulator made days after Russian billionaire Mikhail Fridman’s investment vehicle bought a stake in the firm. Investors have to declare their company holdings to regulators in Spain when they exceed 3 per cent.
According to the filing, Goldman’s stake went over 3 per cent on July 28, the day Fridman’s LetterOne Investment Holdings said it had bought a 3 per cent stake and had an option to buy another 7 per cent, sending DIA’s shares up 15 per cent.
The US investment bank disclosed its stake to the regulator on August 3, the filing shows.
Other major investors in DIA include Baillie Gifford, with 10 per cent, Black Creek Investment with 4.98 per cent, BlackRock (BLK.N) with 6.5 per cent and Morgan Stanley (MS.N) with 6.5 per cent, according to Spain’s CNMV regulator. Fridman’s LetterOne is aiming to become a big investor in the food and retail sector. Its L1 Retail division was launched in December . — Reuters
Oman Observer is now on the WhatsApp channel. Click here
