) has pumped about 16 billion euros into 810 European companies since the end of January, more than half of them in distress due to the coronavirus pandemic, a source with direct knowledge of the matter told Reuters.
Since the end of January, BlackRock had provided around 3 billion euros in equity and 13 billion euros in credit to new and existing investee companies, the source said, with just over half of the firms raising money after a big hit from the virus.Among the companies to receive fresh capital were cinema owner Everyman Media , with BlackRock buying 3.4 million shares in April to become its second biggest investor, according to regulatory filings and Refinitiv data.
“The positive impact of those investments in society and in local and national economies – in terms of supporting jobs, R&D, technology innovation and infrastructure rollout – is very significant,” said Rachel Lord, Head of EMEA at BlackRock. As lockdowns are lifted and companies get a better sense of changes in consumer spending, a second wave of equity fundraisings could come in the fourth quarter, the source added.
I'm getting pretty annoyed at Reuters printing press promotions for companies. BlackRock didn't inject 18bn altruistically, they used funds to buy stakes in companies in order to get a return. You did the same shit with the Dunkin press release. That's not journalism FFS.
As the White collar soon to be laid off because well you make 100k said. Where did all the $ go!
Can we just dismantle this so called company that adds no value to the world and just makes money for rich ppl? This is wtf is wrong capitalism and the world today