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Blackrock cuts Mapletree Logistics Trust stake to 4.95% with share sale

It is no longer a substantial unitholder of the REIT.

BlackRock Inc. divested over 4.03 million Mapletree Logistics Trust (MLT) shares for $5.37m.

Following this sale, BlackRock's deemed interest in MLT dropped from 5.03% to 4.95% (247.56 million).

It also ceased to be a substantial unitholder of the REIT.

BlackRock also reduced its stake in City Developments Limited.

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