DSM and Dutch investment company Gilde Investment Management (Gilde) announce that they signed and closed the sale of DSM Bakery Ingredients to Gilde last night. On 13 April 2005, DSM and Gilde announced the in-principle agreement for Gilde to acquire DSM’s yeast and bread improver business. Closing of the transaction follows positive advice from the working councils and approval from the European Commission.

The transaction will include all activities of the business group DSM Bakery Ingredients, with the exception of the business unit Baking Enzymes, which was transferred to DSM Food Specialties in 2004, and DSM Bakery Ingredients’ stake in a joint venture in South Africa.