As the Extraordinary General Shareholders’ Meeting of Solvay closed last week with massive support (+99.53%) of shareholders, Syensqo will be officially demerged from Solvay.
“This is a historical moment,” commented Ilham Kadri, incoming CEO of Syensqo. “This turning point highlights the recognition and success of the in-depth transformation of Solvay in the past 5 years. I want to thank all our shareholders, board members, and teams for their trust, and for making this ambitious project come true. I also wish the new Solvay a very bright future."
Solvay's newly established pure-play company, among the world's largest, is set to uphold the innovative legacy of its founder Ernest Solvay. Branded as Syensqo, the company aims to enhance its innovation capabilities, serving customers' environmental goals, achieving carbon neutrality by 2040, and driving growth in disruptive technologies.
