Heerlen, NL, 01 Apr 2021 14:16 CEST

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.

Attachments

  • Original document
  • Permalink

Disclaimer

Koninklijke DSM NV published this content on 01 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 April 2021 12:23:01 UTC.