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BlackRock Acquires Major Stake in Sendas Distribuidora

BlackRock Acquires Major Stake in Sendas Distribuidora

Sendas Distribuidora (ASAI) has released an update.

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Sendas Distribuidora S.A. has announced that investment management firm BlackRock, Inc. has acquired a significant stake in the company, amounting to approximately 10.625% of Sendas’ total ordinary shares, along with a minor percentage in financial derivative instruments. The company clarified that BlackRock’s investment is strictly for investment purposes, with no intention of changing control or administrative structures within Sendas. The investor relations team at Sendas remains open for any additional clarifications for its shareholders.

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