[Alpha Biz= Paul Lee] Stake rises to 7.12%, surpassing National Pension Service

BlackRock, the world’s largest asset manager, has become the second-largest shareholder of Woori Financial Group after significantly increasing its stake.

According to a regulatory filing with the Financial Supervisory Service, BlackRock acquired an additional 7,201,412 shares of Woori Financial Holdings on Jan. 19.

Following the purchase, BlackRock’s ownership rose from 6.07% to 7.12%, an increase of 1.05 percentage points.

The move places BlackRock ahead of the National Pension Service (NPS), which holds a 6.67% stake, making it the second-largest shareholder after the Woori Financial Group Employee Stock Ownership Association (ESOP), the largest shareholder.

BlackRock stated that the purpose of the shareholding is for simple investment.

 

 

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