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| Name | Symbol | Market | Type |
|---|---|---|---|
| Solvay SA (PK) | USOTC:SLVYY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 3.59 | 3.59 | 3.60 | 3.618 | 3.58 | 3.58 | 7,332 | 15:13:48 |
From Jul 2022 to Jul 2024
By Pierre Bertrand
Solvay SA said Tuesday that it has reached a settlement with activist investor Bluebell Capital Partners after agreeing to reduce the discharge of limestone residue into the sea from its plant at Rosignano in Italy, and to invest in a new soda-ash production process.
The new production method, intended to be adopted globally, will enable the Belgian chemical and plastic products manufacturer to further cut emissions and reduce limestone residues discharge to zero by 2050, the two said in a joint statement.
Solvay and ESG-focused fund Bluebell said that as result of Solvay's commitments, Bluebell's One-Share Environmental, Social and Governance campaign relating to Solvay has ended.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
September 06, 2022 03:19 ET (07:19 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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