Reuters UK
21 Jul 2008
NEW YORK, July 20 (Reuters) - Sovereign wealth funds may have bought BlackRock Inc (BLK.N: Quote, Profile, Research) shares if Merrill Lynch (MER.N: Quote, Profile, Research) had decided to sell its stake in the fund manager, the Financial Times reported on its Web site on Sunday.
Kuwait Investment Authority was likely to have bought some of Merrill's BlackRock shares if the bank had gone ahead with the sale of its stake in the company, the paper reported, citing unnamed sources.
Singapore's Temasek was also a possible buyer, the paper said.
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