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Sendas Distribuidora Announces BlackRock’s Shareholding Sale

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  • Sendas Distribuidora is a key player in Brazil’s distribution industry.
  • BlackRock sold a significant shareholding interest in Sendas Distribuidora for investment purposes.
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Sendas Distribuidora Announces BlackRock’s Shareholding Sale

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Sendas Distribuidora ( (ASAIY) ) just unveiled an update.

On February 13, 2025, Sendas Distribuidora S.A. announced it received information from BlackRock, Inc. about the sale of a significant shareholding interest in the company. As of February 10, 2025, BlackRock’s holdings in Sendas Distribuidora comprised approximately 4.993% of the company’s total ordinary shares. The sale is strictly for investment purposes and does not aim to alter the company’s control or administrative structure, nor are there any agreements affecting voting rights or securities transactions.

More about Sendas Distribuidora

Sendas Distribuidora S.A., operating under the name Sendas Distributor S.A., is a publicly held company based in Rio de Janeiro, Brazil, engaged primarily in the distribution industry. The company focuses on providing wholesale and retail services in Brazil, catering to a wide range of consumer needs.

YTD Price Performance: 40.66%

Average Trading Volume: 955,888

Technical Sentiment Consensus Rating: Hold

Current Market Cap: $1.67B

See more insights into ASAIY stock on TipRanks’ Stock Analysis page.

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