Syensqo announced that it has completed divestment of its Oil & Gas business unit to SNF Group for an Enterprise Value of 135 million euros. Syensqo's Oil & Gas Business Unit, a global player in oilfield stimulation chemicals, generated net sales of approximately 400 million euros in 2024, or 6% of Syensqo's total net sales, and employs approximately 600 people.
In a separate press release, Syensqo announced that Mike Radossich has officially assumed the role of Chief Executive Officer and member of the Board of Directors. Mike succeeds Ilham Kadri, who will continue supporting the company as a special advisor to ensure a smooth transition of leadership. These changes are effective from 1 January 2026.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.