BlackRock Inc. disclosed a new investment in automotive safety systems supplier Autoliv, Inc. The firm purchased 4,934,535 shares during the second quarter.
The acquisition is valued at approximately $573.2 million. This transaction provides BlackRock with a 6.74% ownership stake in the company.
Institutional investors have been adjusting their positions in the supplier. These entities now collectively hold 69.57% of Autoliv's stock.