MOSCOW (MRC) -- Solvay announced that it has published on its website the first half 2023 figures in respect of SpecialtyCo and EssentialCo., said the company.
This information is made available in connection with the projected Partial Demerger. More specifically it contains:
- H1 2023 Unaudited Condensed Interim Combined Financial Statements for SpecialtyCo, available here
- H1 2023 Unaudited pro forma Financial Information for EssentialCo.
The contemplated separation of Solvay is subject to general market conditions and customary closing conditions, including final approval by the Board of Directors of Solvay SA, consent of certain financing providers and shareholder approval at an extraordinary general meeting, and is expected to be completed in December 2023. There can be no assurance, however, regarding the ultimate timing of the separation or that the separation will actually be completed. Solvay SA and Specialty Holdco Belgium SRL (“SpecialtyCo”) will keep the market informed if and when appropriate.
This press release is for informational purposes only and is not intended to, and does not, constitute an offer or invitation to sell or solicitation of an offer to subscribe for or buy, or an invitation to purchase or subscribe for, any securities of Solvay SA or SpecialtyCo, any part of the business or assets described herein, or any other interests or the solicitation of any vote or approval in any jurisdiction in connection with the transactions described herein or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. This press release should not be construed in any manner as a recommendation to any reader thereof.
We remind, Solvay, a leader of high-performance and sustainable polyamide 6.6 polymers, continues to drive innovation in its portfolio with the introduction of a new, specialized grade of Rhodianyl, made of 100% pre-consumer recycled polyamide, which is produced at its Santo Andre plant in Brazil.