UBS Group AG notified Solvay that it crossed a transparency threshold, reducing its indirect voting rights below 3% as of October 7, 2024, due to a decrease in Trading Book holdings. This notification aligns with Belgian transparency legislation, reflecting UBS's controlled undertakings' holdings. Solvay, a leading chemical company with a commitment to sustainability and a goal of carbon neutrality by 2050, reported €4.9 billion in net sales in 2023 and employs over 9,000 people globally.