BlackRock increases influence at LEG Immobilien SE: What does this mean for investors?

BlackRock increases influence at LEG Immobilien SE: What does this mean for investors?

On July 4, 2025, LEG Immobilien SE issued a notification in accordance with Article 40, Section 1 of the WpHG (German Securities Trading Act). This announcement, published at 11:47 CET/CEST, relates to the investment of BlackRock, Inc. and its subsidiaries in LEG Immobilien SE. BlackRock is referred to as “Notifying Parties” in the announcement and provides information about the current threshold violation with regard to their voting rights.

The main reason for the threshold breaches is not due to shares acquired through purchases, but rather to capital investment write-ups by investment managers and advisors that are classified as BlackRock subsidiaries. The aim of the investments is to implement strategic management guidelines and to generate trading profits.

Participation strategy and voting rights

BlackRock plans to acquire additional voting rights within the next twelve months, indicating an active participation in the company's management. At the same time, it is emphasized that there is no intention to bring about a material change in the capital structure of LEG Immobilien SE. This includes in particular the ratio of equity to debt as well as the dividend policy.

The use of customer funds to finance the acquisition of voting rights is also addressed. BlackRock would like to exercise the voting rights at the general meeting and at extraordinary general meetings in the interests of its customers in order to best represent their interests.

Transparency about voting rights

Another document from TradingView details BlackRock and several subsidiaries in a detailed list. This list contains information on voting rights and instruments, with particular reference to companies that hold at least 3% or more of voting rights.

The table analyzes BlackRock's various subsidiaries, including BlackRock Saturn Subco, LLC, BlackRock Finance, Inc. and BlackRock Financial Management, Inc. Additionally, international subsidiaries such as BlackRock International Holdings, Inc. and BlackRock (Singapore) Limited are listed. There are no exact percentages of voting rights and instruments, which is symbolized by “%”.

The listed subsidiaries come from a variety of countries, including Australia, Luxembourg, Germany, the Netherlands and Switzerland. This highlights BlackRock's global reach and the complexity of ownership and voting rights within its group.

Overall, the information from ariva.de and tradingview.com BlackRock's strategic alignment with LEG Immobilien SE, underlining both the possible influence on decision-making processes and compliance with regulatory requirements.