LONDON (ICIS)–The separation of Solvay into two independent companies will come into effect later on Friday, the Belgium-based producer said.
Solvay has spun off its specialties segment which will now be called Syensqo.
Its commodities business, referred to as EssentialCo since the split was first announced, will remain as Solvay.
All proposed resolutions were approved by shareholders at a meeting in Brussels.
“With this clear and positive outcome, the separation of Solvay into two independent companies, the new Solvay and Syensqo, is now confirmed and will be effective at midnight,” the company said in a statement.
Published by: www.icis.com
Graeme Paterson
08-Dec-2023
