Blackrock Increases Stake in Solvay to 3.95%
24 Novembre 2017 - 8:51AM
Dow Jones News
By Nathan Allen
Belgium's Solvay SA (SOLB.BT) said Friday that BlackRock Inc.
(BLK) had increased its stake in the company to more than 3%.
The U.S. investment fund now directly holds 3.35% of the
company's voting rights, Solvay said. Together with the voting
rights held through equivalent financial instruments, BlackRock now
controls 3.95% of existing voting rights, Solvay added.
According to Belgian transparency legislation, any entity that
crosses a 3% ownership threshold in a Belgian company must report
its stake to the issuer.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
November 24, 2017 02:36 ET (07:36 GMT)
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