JP Morgan, the second largest shareholder in Repsol

JP Morgan, the second largest shareholder in Repsol

Shareholder changes in Repsol. Norges Bank reduced its stake in the oil company by 0.5% of capital, moving away from the 5% stake it had at the end of 2023, according to records from the National Securities Market Commission (CNMV). Meanwhile, JPMorgan raised its stake during the same day to replace Norges Bank as the company's second-largest shareholder, behind Blackrock, which now owns 5.475%.

The American bank JP Morgan, which at the end of 2023 owned a total stake of 5.1% in the oil company (3.552% in shares and 1.593% through financial instruments), yesterday revealed a total of 58.6 million shares of the company’s shares, which is headed by Josue John Imaz. At a rate of 4.593%, in addition to 0.773% in financial instruments. So, its total participation in the business is 5.3%.

In turn, the Norwegian sovereign fund, which emerged in 2020 as a shareholder in Repsol, reached a maximum stake of 5.1% in October. The fund disposed of more than six million addresses in exchange for collateral yesterday.

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