Arkema: BlackRock drops below 5% stake
(CercleFinance.com) - BlackRock, acting on behalf of clients and funds, has declared to the AMF that on January 20 it crossed downwards the threshold of 5% of Arkema's capital and held, on behalf of said clients and funds, 4.
98% of the capital and 3.98% of the voting rights of the chemical company.
The American asset management giant explained that this threshold crossing was the result of an off-market sale of Arkema shares and a reduction in the number of shares held as collateral.
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