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Solvay

June 18, 2014

The winners of the European Families in Business Awards 2014, in association with Societe Generale Private Banking, have been announced. Take a look at the achievements of CampdenFB's shortlisted candidates.

UK retail family business Pentland Group has been awarded the top honour at the 2014 CampdenFB European Families in Business Awards in Barcelona.

June 4, 2014

UK retail family business Pentland Group has been awarded the top honour at this year's CampdenFB European Families in Business Awards in Barcelona. Spain's own Koplowitz family was awarded with the lifetime achievement award.

UK retail family business Pentland Group has been awarded the top honour at this year's CampdenFB European Families in Business Awards in Barcelona.

Spain's own Koplowitz family was awarded with the lifetime achievement award.

Held in association with Societe Generale Private Banking at a gala dinner at El Palace Hotel, the annual awards, now in their third year, recognise European family businesses that excel in stewardship and governance, as well as revenue growth and profits.

August 26, 2010

Stock buybacks have returned to prominence of late, but what are the reasons for family businesses to go down this avenue? Darrell Delamaide invesigates

After last year's dramatic decline, stock buybacks have surged in 2010 as companies bank on the fact that their stock is a good investment. It is also a way to return money to shareholders, because it juices earnings per share by reducing the denominator, which, all other things being equal, will then lift the share price. At the very least it can prevent dilution when shares are distributed for stock options or other purposes and it is this aspect of stock buybacks that is particularly important in family-controlled companies.

February 16, 2010

Solvay, the family-controlled international chemical group, has announced it has finalised the sale of its pharmaceutical business to Abbot for €5.2 billion.

Solvay, the family-controlled international chemical group, has announced it has finalised the sale of its pharmaceutical business to Abbot for €5.2 billion. On the back of antitrust clearances, the Belgium-based company also said it planned to buy back up to 5.1 million of the company's own shares.

September 28, 2009

Family-controlled Solvay Group announced today it is to sell its pharmaceutical business to American healthcare company Abbott in a deal worth around €5.2 billion.

Family-controlled Solvay Group announced today it is to sell its pharmaceutical business to American healthcare company Abbott in a deal worth around €5.2 billion.
 
The announcement brings to an end a week of speculation over who the winning bidder would be for the billion-dollar arm of the family company. Abbott will pay €4.5 billion in cash to be made between 2011 and 2013, with additional potential payments of up to €300 million. Abbott will also take on liabilities thought to be worth €400 million.
 

November 1, 2008

The Solvay family has a huge global network of family shareholders who number 2,500. Marc Smith met the pioneers behind an online application that is helping the family bring them all closer to the business and each other

How would you improve communication between family members and increase the emotional links between your family and the business? If your answer involves inviting a favourite nephew into your office for a chat or dusting off a pamphlet your uncle put together a few years back to explain the how, why and wherefore of your family's existence then you need to think again. You need to think Web 2.0 (see box).

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