Solvay files for listing of its shares on NYSE Euronext Paris

11 January 2012 16:13  [Source: ICIS news]

LONDON (ICIS)--Solvay has filed an application for a listing of its shares on NYSE Euronext Paris, the Belgium-based company said on Wednesday.

The chemicals producer is already listed on NYSE Euronext Brussels.

“This second listing is consistent with the company's historical record and its significant presence on the French markets,” Solvay said.

Solvay added that since the acquisition of French specialty chemicals firm Rhodia, “France is from an industrial point of view the most important country” for the group, “with 15 production sites, five research and development centres and about 7,000 employees”.

Listing of the Solvay shares on NYSE Euronext Paris is expected on 23 January following a direct listing procedure without issuing any new shares, the company said.

On 31 August last year, Solvay announced that Rhodia shareholders and bondholders had overwhelmingly accepted its €3.4bn ($4.4bn) offer from April for the French firm.

($1 = €0.78)

By: Franco Capaldo
+44 (0)20 8652 3214

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