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...

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