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.