Solvay completed the spin-off of Syensqo in an €8.8bn deal.

Solvay, a multinational chemical company, completed the spin-off of Syensqo, a chemical manufacturing company, in an €8.8bn deal. "At Solvay, our mission is to harness the power of chemistry to create sustainable products for the world's most pressing challenges. Our commitment involves introducing process innovations and sustainable products, all while minimizing our environmental footprint. With the simplification driven by the separation, Solvay is poised to reinforce its track record of achieving robust top-quartile industry margins, generating cash, and delivering attractive returns. Our aim is to create enduring value for employees, communities, customers, and shareholders through our integrated approach,” Philippe Kehren, Solvay CEO.