Shares in Finnish chemicals firm Kemira fell 28.7% on Wednesday, reflecting the upcoming spin off of paints unit Tikkurila following approval of the plan from the company's annual general meeting.
Kemira's annual general meeting on Tuesday approved plans to give shareholders one share in Tikkurila for every four Kemira shares held, handing over 86% of the business, which is strong in the Nordic region and the high-growth Russian market.
Tikkurila is due to start trade on or around March 26.
The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.
Oxea is returning to its old name and its roots.
Building on the April 2025 announcement, Dow will take actions across its three operating segments to support European profitability, resulting in the closure of sites in Germany and the UK.
Novo Nordisk recently announced changes to its executive leadership and Board of Directors.
Carbon black manufacturer Orion Engineered Carbons plans to rationalize production lines in North and South America and EMEA.
