DSM announces 3.85 bln euron sale of engineering materials business
31/05/2022 07:32
AMSTERDAM, May 31 (Reuters) - DSM, the Dutch bioscience and
foods company, on Tuesday announced the sale of its engineering
materials subsidiary for 3.85 billion euros ($4.13 billion) to a
consortium of Advent and Lanxess.
The move comes the same morning as DMS announced its
intention to merge with Swiss peer Firmenich urn:newsml:reuters.com:*:nL1N2XN07F
($1 = 0.9313 euros)
(Reporting by Toby Sterling, editing by Ed Osmond)
((toby.sterling@thomsonreuters.com;))