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Sinochem Buys 50% of DSM's Anti-Infectives Business
9:44 AM MST | December 17, 2010 | Ian Young
Sinochem (Beijing) has agreed to acquire a 50% stake in DSM Anti-Infectives, a DSM subsidiary, for €210 million in cash. The business will operate as a 50-50 global joint venture between DSM and Sinochem, under the DSM Anti-Infectives name and headquartered in Hong Kong. The deal is expected to close in the second quarter of 2011 and be retroactive to January 1, 2011, subject to regulatory approval. DSM Anti-Infectives is the global leader in beta-lactam antibiotics, based on the company's proprietary biotechnology, and it is one of the world's leading...
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