Solvay SA will not do takeovers in next two to three years - report (translated)
10 OCT 2018
Chemical company Solvay SA [EBR:SOLB] will not do takeovers in the next two to three years, Belgian daily De Tijd reported based on analysts at the appointment of Ilham Kadri as new CEO.
Kadri's predecessor Jean-Pierre Clamadieu and the board have already set out the way the company will develop in the coming years. Financially, Solvay aims for a yearly 6% to 9% growth of the EBITDA.
Previous deal, the takeovers of French Rhodia and US Cytec are still playing out but more growth and synergy are still expected. Solvay will also grow in the area of ‘specialty polymers’.
Growth by doing acquisitions is not needed, the report analyses.