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Syensqo gains regulatory nod for Euronext listing ahead of Solvay split

EditorAmbhini Aishwarya
Published 2023-11-16, 03:14 a/m
Updated 2023-11-16, 03:14 a/m
© Reuters.

The Belgian Financial Services and Markets Authority has approved the prospectus for Syensqo SA/NV, paving the way for its shares to be listed on Euronext Brussels and Paris. This move is a significant step in the planned partial demerger of Solvay (EBR:SOLB) SA/NV into two entities: SOLVAY and SYENSQO. The approved prospectus, which includes a registration document and a securities note, is now available on the websites of both companies.

The upcoming extraordinary general meeting on December 8, 2023, will be a pivotal moment for Solvay's shareholders as they vote on the proposed demerger. If the shareholders give the green light, Syensqo is set to commence trading independently with the ticker "SYENS" at 9:00 a.m. CET on December 11, 2023.

The prospectus contains important documents dated June 29 and November 15, 2023, and will be notified to the French Financial Markets Authority under the EU passporting regime. The demerger's realization remains subject to market conditions and customary closing conditions. It is important to note that the distribution of Syensqo's shares in the context of the demerger does not amount to an offer to the public.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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