Arm of BlackRock builds up €20m short bet that Glanbia shares will continue to fall

Food company’s stock price has swung up and down since start of pandemic with performance nutrition products hit hard

Barry J Whyte

Chief Feature Writer @whytebarry
1st March, 2021
Arm of BlackRock builds up €20m short bet that Glanbia shares will continue to fall

An arm of BlackRock, the billion-dollar American investment firm, has built up a €20 million short bet that the shares in Glanbia, the Irish food company, will continue to fall in price.

Filings with the Central Bank show that BlackRock Investment Management has taken a 0.65 per cent short position, which at Glanbia’s current share price of just over €10.70 values the stake at around €20 million.

A short trade is a risky transaction...

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