Royal DSM, a Dutch multinational global science-based company in nutrition, health and sustainable living, has announced the completion of the sale of its Resins and Functional Materials (RFM) and associated businesses to Covestro AG for an equity value of €1.6 billion. The proposed sale of RFM was first announced on September 30, 2020.

 

The transaction covers DSM’s Resins & Functional Materials businesses, including DSM Niaga, DSM Additive Manufacturing, and the coatings activities of DSM Advanced Solar, as company stated in a press release. DSM anticipates a book profit on the transaction of around €540 million. DSM will receive approximately €1.4 billion net in cash.