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Markets :: Specialty Chemicals :: Food additives
DSM Sells Special Products to Arsenal Capital
3:12 AM MST | March 3, 2008 | Natasha Alperowicz
DSM says it has reached an agreement to divest its DSM Special Products unit to Arsenal Capital Partners (New York), as part of its previously announced vision 2010 strategy, which aims to transform DSM into a life sciences and materials sciences company. Special Products is the first divestment within this transformation program. DSM says it expects to realize a net book profit after tax of just more than €10 million ($14.8 million) on the sale, which will be reported as an exceptional item in the income statement. The transaction is expected to close...
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