By Tapan Panchal

LONDON--Tesco PLC (TSCO.LN) said Wednesday that BlackRock Inc. (BLK) has sold 408.6 million shares and related voting rights in the supermarket chain on Sept. 23.

The company said that BlackRock Investment Management (UK) Ltd.'s holding has now gone below 5%.

Shares of Tesco on Wednesday closed 0.2% higher at 195 pence.

Write to Tapan Panchal at tapan.panchal@wsj.com

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