NEW YORK, June 27, 2018 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced that Solvay S.A. (Euronext Brussels and Paris: SOLB.BB; SOLB.BR;OTCQX: SOLVY), a Brussels-based advanced materials and chemical company committed to developing chemistry that addresses key societal challenges, has qualified to trade on the OTCQX® Best Market. Solvay S.A. upgraded to OTCQX from the Pink® market.
Solvay S.A. 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. "As evidenced in a new study conducted by Oxford Metrica, OTCQX provides international companies with increased US ownership, improved liquidity in their home market and enhanced shareholder value."
Companies trading on OTCQX are distinguished by the excellence of their operations and diligence with which they convey their qualifications. They range from securities of large, global issuers like Adidas, Heineken and Roche to innovative, entrepreneurial international companies. Currently, there are over 400 securities from 27 countries traded on OTCQX.
Solvay S.A. was sponsored for OTCQX by Citi, a qualified third-party firm responsible for providing guidance on OTCQX requirements and recommending membership.
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.
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