DSM will receive approximately €1.4 billion net in cash.
Royal DSM has announced the completion of the sale of its Resins and Functional Materials and associated businesses (RFM) to Covestro AG for an equity value of €1.6 billion.
Related: DSM Acquires Flavor and Fragrance Intermediates from Amyris
The transaction covers DSM’s Resins and 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.
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