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SVYSF - Solvay: A One-Time Glitch Or The New Normal?
Solvay Sa Act
Introduction
After checking out Viking Line in last week's edition of Focus on Europe, this week's article will zoom in on Solvay (SVYSF) (SOLVY) (SVYZY), a Belgian company in the chemical sector, a sector which is, per definition, quite volatile.
Solvay is in the final stages of selling a division to German giant BASF (BASFY) (BFFAF) for 1.6B EUR, but selling that part of the business will also have an impact on the future financial results of Solvay. In the past few weeks, Solvay