BlackRock substantial shareholder of Aristocrat Leisure

BlackRock Group has become a substantial shareholder of slot machine maker Aristocrat Leisure, according to a filing sent to the Australian Securities Exchange by the Australian manufacturer. According to the document, BlackRock Group, an investment management corporation based in the United States, completed the process on December 10 and holds 31,963,083 ordinary shares in Aristocrat Leisure, amounting to 5.01 per cent of the vote rights in the Australian company. According to the financial results of fiscal 2015, Aristocrat generated an EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) of AU$523.1 million (US$376 million), up 138.5 per cent from AU$219.3 million in 2014.