@Khlmysee

1Yr·

Does anyone know what's going on at Solvay $SOLB (-0.96%) is going on? - 81 % Somehow I can't find any information.

8 Comments

Hannes@Hannes_SK

1Yr

Spin-off from $SYENS.

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Enrique@Dividenden_Monteur

1Yr

https://www.icis.com/explore/resources/news/2023/12/08/10952171/solvay-spin-off-business-separation-to-come-into-effect/

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N@Khlmysee

1Yr

@Der_Dividenden_Monteur Thank you. Is that to be understood as meaning that over 80% went into the spin-off?

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Cashflow I.@Cashflow_Investor

1Yr

@Kohlmeyse yes, Syensqo is traded on the stock exchange with a market capitalization of 10 billion. This means that Solvay has lost 10 billion, hence the minus -80%.

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Epi@Epi

1Yr

Looks like a 1:5 split. 🤷

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N@Khlmysee

1Yr

@Epi looks like or is one? 😅

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Epi@Epi

1Yr

@Kohlmeyse Well, for the sake of the shareholders, I hope it's a split! 😅

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MatisseVerleye@MatisseVerleye

1Yr

Part of $SOLB split off from $SOLB as $SYENS. This company is the more innovative version of Solvay. They make new products whose value has yet to be proven.

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