BlackRock shedding Peabody stake

BLACKROCK – which last month claimed it would divest its shareholdings in thermal coal companies – has cut its shareholding in Peabody Energy by 14% to 4.7 million shares by the end of 2019.

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BlackRock shedding Peabody stake BlackRock shedding Peabody stake BlackRock shedding Peabody stake BlackRock shedding Peabody stake BlackRock shedding Peabody stake

The world's largest asset manager had about 5.1 million shares of Peabody Energy at the beginning of 2019.

BlackRock is now the company's sixth-largest holder, Bloomberg data shows.