MILAN – Goldman Sachs (NYSE: GS) has derivative positions in UniCredit equivalent to a 6.7% stake in the Italian bank as of September 30, mostly swap and future contracts as well as call options, a regulatory filing showed on Monday.
The position, held through Goldman Sachs International and another nine subsidiaries, if exercised would make the U.S. bank a top investor in UniCredit whose single biggest shareholder is fund manager BlackRock (NYSE: BLK) with 7.02%.
Filings with Italian market regulator Consob also showed that Barclays (NYSE: BCS) holds shares and derivatives as of September 30 in Italian bank Monte dei Paschi di Siena, which if combined and exercised would give it a 5.3% stake in the lender.
The positions are held through Barclays Capital Securities Limited, Barclays Bank PLC, and Barclays Capital Inc. They comprise a voting stake of just 0.92% while another 4.2% is long positions to be settled in shares.
(Source: Reuters)
Edward Cooke is a financial analyst, freelance writer, and editor. He has six years of experience in financial journalism. He has an in-depth understanding of equities markets, tracking major indices and providing real-time analysis on stock price movements, corporate earnings, and market sentiment.
