Solvay welcomed by OTC Markets Group to OTCQX
June 27, 2018 - Solvay announces its Level 1 American Depositary Receipt (ADR) programme, which trades on the US over-the-counter (OTC) marketplace under the symbol “SOLVY”, has qualified to trade on the OTCQX® Best Market, enabling Solvay to upgrade to OTCQX from the Pink® market.
Solvay begins trading today on OTCQX under the symbol "SOLVY." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We are delighted to welcome Solvay as they join a prestigious roster of leading international companies that have chosen to cross-trade on OTCQX to enhance their visibility and liquidity among US investors and within their home markets," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group.
Solvay’s recent acquisition of US-based Cytec has established the Group as the world’s second largest player in aerospace composite materials, boosting our customized solution offerings in lightweighting and supporting our ambition to lead in sustainable chemistry. Furthermore, Cytec has strengthened Solvay’s presence in the US and we look forward to enhance our visibility and access to investors in the region.
Solvay is an advanced materials and specialty chemicals company, committed to developing chemistry that addresses key societal challenges. Solvay innovates and partners with customers worldwide in many diverse end markets. Its products are used in planes, cars, batteries, smart and medical devices, as well as in mineral and oil and gas extraction, enhancing efficiency and sustainability. Its lightweighting materials promote cleaner mobility, its formulations optimize the use of resources and its performance chemicals improve air and water quality. Solvay is headquartered in Brussels with around 26,800 employees in 61 countries. Net sales were €10.1 billion in 2017, with 90% from activities where Solvay ranks among the world's top 3 leaders, resulting in an EBITDA margin of 22%. Solvay SA (SOLB.BE) is listed on Euronext Brussels and Paris (Bloomberg: SOLB.BB - Reuters: SOLB.BR) and in the United States its shares (SOLVY) are traded through a level-1 ADR program. Financial figures take into account the announced divestment of Polyamides.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.