David Einhorn Reveals Long Bet on European Essential Chemicals Company Solvay SA

Renowned investor David Einhorn has revealed his long bet on European essential chemicals company Solvay SA, causing Solvay’s American depositary receipts to surge 13% in New York. Einhorn expressed confidence in Solvay’s management and emphasized the potential of the essential-chemicals business, citing favorable conditions for value investors. His endorsement has drawn attention to potential opportunities in the industry and the impact of his announcement on investor sentiment.