Paris, 23 January 2012 - Solvay, a leading global player in chemicals already listed on NYSE Euronext in Brussels, today celebrated its listing in Paris.
Solvay offers a wide range of premium products and
high-performance solutions that contribute to improving
quality of life. The group operates through businesses
operating in three sectors: Solvay Chemicals, a world
producer of essential chemicals including soda ash, hydrogen
peroxide and caustic soda, and specialty chemicals for
fluorinated products; Solvay Plastics, a major player in
specialty polymers and vinyls; and Rhodia, a world leader in
specialty chemicals.
Solvay is headquartered in Brussels (Belgium), and employs 30,000 people worldwide. Following its recent acquisition of Rhodia, France is now the group's largest single market in terms of both workforce, with 7,000 employees, and industrial operations, with 16 production sites and five research labs.
Listing of Solvay (ticker code: SOLB) on NYSE Euronext
in Paris was through the admission to trading of the
84,701,133 shares making up the company's capital. The
indicative reference price for Solvay shares announced on the
day before listing was €75.46 per share. Market
capitalisation stands at €6.4 billion.
"NYSE Euronext in Paris extends a warm welcome to Solvay.
We are delighted to reinforce our profitable, long-term
partnership with a company that has sought double listing on
our European market," said Diederik Zandstra, Head of
International Listings at NYSE Euronext. "Listing will
raise Solvay's visibility with investors and help generate
the momentum it needs to deploy its development strategy. At
the same time, Solvay's listing is a success for NYSE
Euronext, underscoring the attractiveness and benefits of our
cross-border listing programme."
Christian Jourquin, Chairman of Solvay's Executive Committee,
added: "Solvay has a long and very rich history in
France. Our operations date back to 1872 and we've grown
steadily since then. Listing on the Paris market is a natural
step in light of our past experience and future prospects. It
will give investors a new opportunity to become part of a
sound and profitable chemical group with a strong commitment
to sustainable development."
To celebrate the listing, Christian Jourquin rang the bell to
open trading on NYSE Euronext's European market. He was
accompanied by members of Solvay's management team and
financial and legal advisors, as well as NYSE Euronext's
listing team.
Press contacts:
Caroline Tourrier: +33 (0)1 49 27 10 82 - ctourrier@nyx.com
Erik de Leye: + 32 2 264 1530 - erik.deleye@solvay.com
Lamia Narcisse: +33 (0)1 53 56 59 62 - lamia.narcisse@eu.rhodia.com
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext's equities markets - the New York Stock Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca - represent one-third of the worlds equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world's second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index, and is the only exchange operator in the Fortune 500. For more information, please visit: .
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About Solvay
Solvay is an international chemical group that is firmly
committed to sustainable development and clearly focused on
innovation and operational excellence. Its recent acquisition
of specialty chemicals expert Rhodia created the industry's
largest player, generating over 90% of sales on markets where
it is already one of the top three worldwide. Solvay offers a
broad range of products that contribute to quality of life
and its customers' performance in markets ranging from
consumer goods to automobiles, energy, water, the environment
and electronics. Headquartered in Brussels, the group employs
30,000 people in 55 countries, and reported 2010 pro forma
revenues of EUR 12 billion.
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