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BlackRock Acquires 5% Stake in Paragon Banking Group
Company Announcements

BlackRock Acquires 5% Stake in Paragon Banking Group

Paragon Banking Group PLC (GB:PAG) has released an update.

Paragon Banking Group PLC has announced that BlackRock, Inc. has crossed the 5% threshold of voting rights in the company. BlackRock now holds a total of 5% in combined direct and indirect voting rights, as of July 9, 2024, marking a significant acquisition of shares and financial instruments by the investment giant. This change in major holdings was officially notified to Paragon Banking Group on July 10, 2024.

For further insights into GB:PAG stock, check out TipRanks’ Stock Analysis page.

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