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Reuters
Reuters
Business

BlackRock discloses 5 percent stake in NZ's a2 Milk

A2 milk is seen on a supermarket shelf in Singapore April 16, 2018. Picture taken April 16, 2018. REUTERS/Thomas White/File Photo

(Reuters) - BlackRock Inc <BLK.N>, the world's largest asset manager, disclosed on Monday a 5 percent stake in New Zealand dairy firm a2 Milk Company Ltd <ATM.NZ>.

a2, which makes infant formula, dashed market expectations in May with a forecast for annual revenue growth of more than 63 percent.

(Reporting by Aditya Soni in Bengaluru; Editing by Peter Cooney)

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