Brief: DSM Announces Sale Of Protective Materials Business
20/04/2022 06:07
April 20 (Reuters) - Koninklijke DSM NV DSMN.AS :
* DSM ANNOUNCES SALE OF PROTECTIVE MATERIALS BUSINESS
* ANNOUNCES THAT IT HAS REACHED AN AGREEMENT TO SELL ITS
PROTECTIVE MATERIALS BUSINESS TO AVIENT CORPORATION FOR AN
ENTERPRISE VALUE OF EUR 1.44 BILLION
* PROPOSED TRANSACTION INCLUDES ALL OF DSM'S PROTECTIVE
MATERIALS
ACTIVITIES, CHIEFLY CONSISTING OF DYNEEMA
* COMPLETION OF TRANSACTION, WHICH IS SUBJECT TO CUSTOMARY
CONDITIONS AND APPROVALS, IS EXPECTED IN H2, 2022
* DSM WILL PROVIDE RE-STATED FIGURES FOR ITS MATERIALS
CLUSTER AT
ITS Q1 RESULTS IN MAY 2022
Source text for Eikon: ID:nPreLb6Wka
Further company coverage: DSMN.AS
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