Banking & Finance  October 17, 2014

BlackRock cuts its investment in Vestas

BlackRock Inc. (NYSE: BLK) has reduced its investment in Vestas Wind Systems A/S (OMX: VWS) by nearly 5 percent, according to Vestas.

New York City-based investment manager BlackRock reduced its holding of Vestas shares to 11.1 million, a decrease of 4.94 percent, Vestas said this week.

In June, Vestas said BlackRock increased its shares by 5 percent to 11.3 million.

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Danish wind-turbine maker Vestas operates four factories in Windsor, Brighton and Pueblo. Vestas shares rose 5 percent to close at 178.70 Danish kroner on Friday.

BlackRock shares rose 2 percent to $316.77 in afternoon trading.

BlackRock Inc. (NYSE: BLK) has reduced its investment in Vestas Wind Systems A/S (OMX: VWS) by nearly 5 percent, according to Vestas.

New York City-based investment manager BlackRock reduced its holding of Vestas shares to 11.1 million, a decrease of 4.94 percent, Vestas said this week.

In June, Vestas said BlackRock increased its shares by 5 percent to 11.3 million.

Danish wind-turbine maker Vestas operates four factories in Windsor, Brighton and Pueblo. Vestas shares rose 5 percent to close at 178.70 Danish kroner on Friday.

BlackRock shares rose 2 percent to $316.77 in afternoon trading.

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