Brief: DSM Completes Sale Of Engineering Materials Business For EUR 3.85 Bln Enterprise Value

Koninklijke DSM NV

03/04/2023 06:28

April 3 (Reuters) - Koninklijke DSM NV  DSMN.AS :
    * DSM COMPLETES SALE OF ENGINEERING MATERIALS BUSINESS
    * ANNOUNCES COMPLETION OF SALE OF ITS ENGINEERING MATERIALS
BUSINESS TO ADVENT INTERNATIONAL AND LANXESS FOR AN ENTERPRISE
VALUE OF EUR 3.85 BILLION
    * DSM WILL RECEIVE APPROXIMATELY EUR 3.5 BILLION NET IN CASH
    * DSM ANTICIPATES A BOOK PROFIT ON SALE OF ENGINEERING
MATERIALS
OF AROUND EUR 2.7 BILLION
    * TRANSACTION COVERS ALL OF DSM'S ENGINEERING MATERIALS
ACTIVITIES
AND MARKS CONCLUSION OF DSM'S DIVESTMENT OF ITS MATERIALS
BUSINESSES IN ORDER TO FOCUS ON HEALTH AND NUTRITION

Further company coverage:  DSMN.AS 

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