On Air Now

Listen

Listen Live Now » 106.1 FM Lansing, Michigan

Weather

Current Conditions(Holt,MI 48842)

More Weather »
39° Feels Like: 39°
Wind: NW 0 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Mostly Sunny 67°

Tonight

Partly Cloudy 46°

Tomorrow

Partly Cloudy 62°

Alerts

Blackrock says has 9.97 percent of Telecom Italia, not 10.14 percent

The BlackRock logo is seen outside of its offices in New York January 18, 2012. REUTERS/Shannon Stapleton
The BlackRock logo is seen outside of its offices in New York January 18, 2012. REUTERS/Shannon Stapleton

MILAN (Reuters) - Blackrock said on Monday it held 9.97 percent of Telecom Italia as of November 29 and not 10.14 percent as it had previously stated in a filing to the Securities and Exchange Commission (SEC).

In a statement, the world's biggest money manager said it had issued an amendment to a SEC filing made on December 10 which had put the size of the stake at 10.14 percent.

It said that had been "an inadvertent overstatement".

BlackRock said it would inform the market of its holdings in Telecom Italia as of today, as requested by Italian regulator Consob, within the next 48 hours.

(Reporting by Stephen Jewkes, editing by Naomi O'Leary)

Comments