Syensqo jumps as it launches review of performance & care unit
21/05/2026 09:57
** Shares in Belgian chemicals company Syensqo SYENS.BR rise more than 5%, among top performers on Europe's STOXX 600 index .STOXX, after it launched a strategic review of its Performance & Care segment
** The review is part of Syensqo's plan to become a "pure play speciality materials and advanced technologies company"
** Degroof Petercam ("buy") says the review "removes a major hurdle for the desired rerating" and aligns with the company's strategy
** "We applaud this step as this should remove another hurdle in closing the unjustifiably high discount vs the pure-play Materials peers," Degroof says
** Syensqo has not set a defined timetable for the strategic review and will provide further updates "when appropriate", the company says
** There is no certainty that the process will result in any transaction, it adds
(Reporting by Zakarya Meliani)
((zakarya.meliani@thomsonreuters.com))