Blackrock Takes 7 Percent Stake in Plus500

[kreslik.news]

Institutional interest in retail broker Plus500 continues to grow. On Tuesday, asset manager Blackrock submitted a standard form for notification of major holdings to the London Stock Exchange.

Blackrock’s form indicates that it has taken a 7.02 percent stake in Plus500. Of that 7.02 percent, the asset manager acquired 4.85 percent through shares and another 2.17 percent through other financial instruments.

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Interest in Plus500 has intensified after a 20 percent drop in its share price in mid-August. That slump in price was quickly followed by another as the founders of the ... (read more)