ENXTBR:UMIChemicals
BNP Paribas Stake In Umicore Crosses 3% As Valuation Debate Grows
BNP Paribas Asset Management has disclosed crossing the 3% legal threshold of direct voting rights in Umicore.
The disclosure reflects an increased stake that now exceeds the mandatory reporting level for shareholder voting power.
Umicore (ENXTBR:UMI) is trading at €18.8, with the share price up 81.3% over the past year, while longer term returns over 3 and 5 years show declines of 37.6% and 55.1% respectively. This mix of strong recent performance and weaker multi year returns gives a...