Solvay shareholders voted overwhelmingly to approve the split, and Syensqo was officially established
Release time:
14 Dec,2023
The Solvay SA/NV Extraordinary General Meeting of Shareholders concluded on Friday CET. With the support of an overwhelming majority of shareholders (+99.53%), Syensqo SA/NV has been officially split from Solvay at midnight CET on Friday.
The Solvay SA/NV Extraordinary General Meeting of Shareholders concluded on Friday CET. With the support of an overwhelming majority of shareholders (+99.53%), Syensqo SA/NV has been officially split from Solvay at midnight CET on Friday.
"This is a historic moment," said Dr. Ilham Kadri, the new CEO of Syensqo, "and this turning point underscores the recognition and success of Solvay's deep transformation over the past five years. I would like to thank all shareholders, board members and the team for their trust in bringing this ambitious project to life. At the same time, I wish the new Solvay a bright future.
Now, I'm excited to start a new journey as CEO of Syensqo, a new specialty materials and chemicals company, and to continue to explore tomorrow's technologies for business growth with a strong management team and Board of Directors."
Our new company, one of the largest of its kind in the world, will benefit from Solvay's long heritage. As a true technology company, it will inherit the innovative spirit of Ernest Solvay, the founder of the Solvay Group, and serve disruptive technologies in the areas of lightweighting, electrification, digitalization, resource efficiency and biomaterials.
Syensqo's vision is to strengthen our ability to innovate and support the needs of our customers while growing our environmental goals and achieving carbon neutrality by 2040. ”
On Monday, December 11, 2023 at 9 a.m. CET, Syensqo will be listed on Euronext Brussels and Euronext Paris (ticker symbol "SYENS") when the market opens.
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