German prosecutors search Blackrock's offices in dividend stripping probe: source
FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson/File Photo
FRANKFURT (Reuters) - German prosecutors searched the Munich offices of fund investor Blackrock on Tuesday in connection with an investigation of dividend stripping trades, a person with knowledge of the matter told Reuters.
A spokesman for Blackrock said: “Blackrock is fully cooperating with an ongoing investigation relating to cum ex transactions in the period 2007-2011.”
State prosecutors in Cologne declined to comment.
Writing by John O'Donnell, editing by Edward Taylor
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