DSM completes sale of Resins & Functional Materials businesses
HEERLEN, Netherlands, April 1, 2021 /PRNewswire/ -- Royal DSM, a global science-based company in Nutrition, Health and Sustainable Living, today announces the completion of the sale of its Resins & Functional Materials and associated businesses (together, "RFM") to Covestro AG for an equity value of €1.6 billion. The proposed sale of RFM was first announced on 30 September 2020.
The transaction covers DSM's Resins & Functional Materials businesses, including DSM Niaga®, DSM Additive Manufacturing, and the coatings activities of DSM Advanced Solar. DSM anticipates a book profit on the transaction of around €540 million. DSM will receive approximately €1.4 billion net in cash.
DSM – Bright Science. Brighter Living.™
Keynote Presentation TBA
Keynote Presentation by Google
Selling or Staying â€“ Whatâ€™s Your Plan?