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Lot 505: SOLVAY & CIE., SOC.
29 October 2016
Brussels, BelgiumLive Auction
Description: 6 October 1874 COUILLET. 6% Certificat d'Obligations Nominatives F500. Cat. 0. black. No 685-90,731-4. Solvay probably is today's biggest Belgian industrial company. It has factories in 50 countries around the world, 30.000 employees, an annual turnover of roughly 8 billion euro and a multi-billion market capitalisation. The chemical giant was founded in1863 in Couillet (between Brussels and Charleroi) by the brothers Ernest and Alfred Solvay. It took them some 10 years to put into (efficient) production the 1861 invention of Ernest to manufacture artificial soda in a much more economical way than hadbeen possible before. Soda is an essential product in products such as plastics, glass, paper,... Once up and running (1873), Solvay quickly expanded : in 1874 they decided to build a second factory. They chose for Dombasle (near Nancy) in France. To finance the construction, they issued 2 bonds (1874 and 1875), each of 600.000 BEF. The bond certificate (representing 12 bonds) we offer here is of the first issue. It is hand-signed by Alfred Solvay (as Gérant) and issued to Valentin Lambert, an important industrialist, especially in the glass industry of Jumet.
Condition Report: EF