Germany's Merck sells surface solutions unit to China's GNMI for $721 mln

Global New Material International Holdings

25/07/2024 13:28

GDANSK, July 25 (Reuters) - Germany's Merck  MRCG.DE 
agreed to sell its surface solutions unit to China's Global New
Material International (GNMI)  6616.HK  for 665 million euros
($721.46 million), the German diversified group said on
Thursday. 
    The deal, which is due to close in 2025, guarantees job
security for employees in Germany as well as maintains the plant
in Gernsheim until 2032. 

($1 = 0.9217 euros)

 (Reporting by Andrey Sychev, Editing by Miranda Murray)
 ((andrey.sychev@thomsonreuters.com;))