How to invest in Solvay american depositary shares?

Solvay stock is traded as american depositary receipts (ADRs) in the United States under the ticker SOLVY on the OTC through a level-1 ADR program. 

Solvay ADR details

Exchange OTC
Ratio 1 ordinary share = 10 ADRs
CUSIP 834437303
Country Belgium
Industry Chemistry
Depositary bank Citi
Share data
Quote, real-time best bid & ask, trade data & research

Visit SOLVY on the OTC markets and read the quantitative equity research report from the Morningstar on SOLVAY ADR.

Frequently Asked Questions

What is an american depositary receipt (ADR) / american depositary share (ADS)?

An ADR or ADS is a receipt representing the right to receive shares of a non-U.S. company. ADRs trade like any other U.S. security, are quoted and pay dividends in U.S. dollars, and provide transparency for U.S. investors by providing Company materials in English.
An American Depositary Receipt (ADR) is the actual physical certificate whereas an American Depositary Share (ADS) is the actual share. The term "ADR" is often used to mean both the certificates and the securities themselves.

Who can hold ADRs?

ADRs can be held by private investors and institutions.

Why are ADRs advantageous?

US investors prefer to purchase ADRs rather than ordinary shares in the company’s home market because ADRs trade, clear and settle in accordance with U.S. market regulations and permit prompt dividend payments in U.S. dollars. ADRs also enable US investors to compare similar companies securities and to easily access price and trading information.
Additionally, ADRs offer:

  • Diversification: ADR investors gain the potential to capitalize on emerging economies by investing in different countries.
  • Cost-effectiveness: ADRs are an easy and cost-effective way to buy shares in a foreign company. 
Where are Solvay ADRs traded?

Solvay ADRs are traded on the OTC. You can purchase or sell Solvay ADRs through your broker or via an online platform, just as you would do with U.S. securities.

What is Solvay ADR ratio?

One ordinary share of Solvay represents 10 ADRs.

How to buy Solvay ADRs?

You can purchase shares of the ADR like regular stock, through your broker or online. The closing price of the share will be translated into U.S. dollars for the opening price on the American exchanges.

Are there brokerage fees related to ADRs?

ADR Investors can review the fees reported in the Form F-6 registration statement under the Securities Act of 1933 available through the SEC’s website at

How are Solvay ADR dividend paid?

Solvay pays dividends twice a year. Exchange-rate fluctuations will affect the U.S. dollar amounts received by holders of ADRs since dividends are declared in euros. You can either choose to reinvest the ADR dividends or directly collect them.

How are Solvay ADR dividends taxed?

Any cash dividends paid to ADR investors on behalf of Solvay will be paid in U.S. dollars and are generally taxable, just like dividends on U.S. shares. Cash dividends paid by Solvay are subject to 30% withholding tax under Belgian law as of January 1, 2017. 

Under the income tax conventions between the United States & Belgium and Canada & Belgium, United States and Canadian residents are eligible for reduced Belgian withholding tax.

ADR holders eligible for the refund must be residents of the United States or Canada in accordance with this Convention.

Contact your broker or tax advisor for more information and any applicable U.S. tax forms.

For more information regarding Belgian tax withholding and tax reclamation process, please contact your tax advisor.

Can ADR investors find Solvay SEC filings on EDGAR?

Our ADR issued under a level-I program is controlled by our foreign company (Belgium) and the depository bank we selected. Solvay is therefore exempt from full SEC reporting requirements but filed a F-6 registration statement under EDGAR to meet the requirements of a level-I ADR offering.

Solvay SA is subject to financial and disclosure requirements as stated by the FINANCIAL SERVICES AND MARKETS AUTHORITY(FSMA), Belgium. Solvay disclosures are comparable to that of U.S. public companies and can be found:

More information on ADRs

To learn more about ADRs in general, read the SEC brochure on the basics of international investing: SEC investor bulletin  on American Depositary Receipts

To learn more about Solvay ADRs in particular, you may also contact CITI, Solvay’s ADR depositary bank:

New York London
Michael O’Leary 
Tel: +1 212 723 4483  
Mike Woods
Tel: +44 20 7500 2030


US Depositary Transfer Agent Shareholder Services

P.O. Box 43077

Providence, RI  02940-5000

1-877-248-4237 (1-877-CITIADR)

+1-781-575-5555 (International dial in)

Mon-Fri, excluding US holidays

08:30AM-6:00PM EST (Shareholder Services live representative hours)

Contact Solvay Investor relations

Investor relations

Investor relations
rue de Ransbeek 310
1120 Brussels