Solvay announces plan to split into two independent listed companies
By Alex Cook
Published: Tuesday, 15 March 2022
Belgium-based chemical giant Solvay announced on Tuesday March 15 that it was reviewing plans to split itself into two independent publicly traded companies by means of a spinoff. The resulting entities will be named EssentialCo and SpecialityCo.
"The plan to separate into two leading companies represents
a pivotal moment in the journey to transform and simplify
Solvay," chief executive officer Ilham Kadri said in a press
release...