Syensqo gains after media report PE firms mull bid for unit

Syensqo NV

02/09/2026 09:20

** Shares in Syensqo SYENS.BR gain 2.4%, traders point to a media report that several PE firms mull a bid for the Belgian chemicals company's Performance & Care unit
** Blackstone and Apollo, among others, are weighing a bid of around €3 billion ($3.5 billion) for the unit
** A Syensqo's spokesperson said the article was "entirely speculative" and declined to comment further 
** KBC Securities notes the price tag exceeds its previous valuations by around €600 million, or €6 per share
** The broker adds the businesses in the division generated net sales of around €2 billion in 2025 with an underlying EBITDA of €358 million 
** Syensqo's CEO previously noted he was seeking to divest the unit 
** Up to the previous session's close, Syensqo's shares gained 15.6%​ YTD  — LSEG data
($1 = 0.8636 euros)

(Reporting by Jakob Van Calster)
((jakob.vancalster@thomsonreuters.com ))