Goldman Sachs holds derivatives positions worth 6.7% of UniCredit stake, Reuters filing shows

MILAN (Reuters) – Goldman Sachs holds derivative positions in UniCredit equivalent to a 6.7 percent stake in the Italian bank as of Sept. 30, mainly swaps and futures contracts as well as call options, a regulatory filing showed on Monday.

The position, held through Goldman Sachs International and nine other subsidiaries, if exercised, would make the US bank a top investor in UniCredit whose sole shareholder is fund manager BlackRock (NYSE: ) with 7.02%.

Filings with Italian market regulator Consob also showed Barclays held shares and derivatives as of September 30 in Italian bank Monte dei Paschi di Siena, which, if combined and exercised, would give it a stake of 5.3% of the lender.

Positions are held through Barclays Capital Securities Limited, Barclays Bank PLC and Barclays Capital Inc. They comprise a voting stake of just 0.92%, while another 4.2% are long positions to be settled in shares.