IHS Chemical Week

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French investment fund buys stake in Arkema, will seek seat on Arkema's board

1:34 AM MDT | July 3, 2013 | Natasha Alperowicz

The Fonds Stratégique de Participation (FSP), a mutual fund created by four major French insurance companies – BNP Paribas Cardif, CNP Assurances, Crédit Agricole Assurances through its subsidiary Predica, and Groupe Société Générale – in order to support long-term investments in listed companies, has announced that it now owns 6% of Arkema's share capital.   Arkema says it considers this acquisition of a stake in its share capital as a positive sign showing the confidence of the FSP in the long-term...

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