Lanxess AG, a German chemical company, has announced that JPMorgan Chase & Co. acquired a significant stake in the company.
The acquisition was made through various instruments, including equity swaps and cash-settled call options, which gave JPMorgan Chase voting rights of up to 4.79% in Lanxess AG.
This move has triggered a notification under Article 40 of the German Securities Trading Act, requiring public disclosure of the stake.
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