BlackRock Buys HRT Stake

BlackRock Buys HRT Stake

Brazil Equity Funds

BlackRock has acquired a 5.15% stake in Brazilian oil company HRT Participacoes, HRT says. The world’s largest asset manager notified the E&P company that it had acquired 299,900 shares, or more than 5% in the company, according to HRT. Such a stake would be worth BRL177m ($94m) at Monday’s BRL590 close. It appears BlackRock acquired the shares gradually since no large share sales have been registered so far, says Luis Lima, an investor relations officer at HRT. BlackRock officials could not imm

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