BlackRock Trims Stake in Sendas Distribuidora
Company Announcements

BlackRock Trims Stake in Sendas Distribuidora

Sendas Distribuidora (ASAI) has released an update.

Sendas Distribuidora S.A. has announced that investment management firm BlackRock, Inc. has significantly reduced its ownership in the company. BlackRock’s combined holdings now represent approximately 9.974% of Sendas’ total ordinary shares, and an additional 0.112% in financial derivative instruments. The company emphasized that BlackRock’s investment remains purely financial, with no intention to change corporate control or administrative structure.

For further insights into ASAI stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskSendas Distribuidora Adjusts Store Expansion Plans
TipRanks Auto-Generated NewsdeskSendas Distribuidora Optimizes Debt Profile
TheFlySendas Distribuidora downgraded to Equal Weight from Overweight at Morgan Stanley
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App