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PNC to sell 22% BlackRock stake, ending 25-year relationship

PNC Financial Services said it will divest its ownership of the New York-based asset manager, except for 500,000 BlackRock shares for a donation to the PNC Foundation by the end of the second quarter of 2020.

Justin Henry is the regional reporter for the Central Penn Business Journal and the Lehigh Valley Business. He can be reached at jhenry@bridgetowermedia.com.

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