on ARKEMA (EPA:AKE)
BlackRock exceeds 5% of ARKEMA capital
BlackRock Inc., a New York-based asset management company, recently increased its stake in ARKEMA. By letter dated October 2, 2024, it declared that it held 5.24% of the capital of the French company, or 3,930,113 shares. This acquisition exceeds the 5% threshold determined by Article L. 233-7 of the French Commercial Code, which also represents 4.21% of the company's voting rights.
The threshold crossing is explained by an off-market acquisition and an increase in shares held as collateral. Shares held include, among others, ADRs and shares from contracts for differences, with no expected maturity and settled in cash.
R. E.
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