Heerlen, NL, 12 Jan 2011 07:15 CET
Royal DSM N.V., the global Life Sciences and Materials Sciences company headquartered in the Netherlands, today announces that it holds a 4.95% stake in Danisco which has been acquired some years ago.
DSM currently owns 2.36 million shares of Danisco, which are traded at the Copenhagen Stock Exchange. It has been building its shareholding in 2007 and beginning 2008.
DSM has taken notice of the recommended bid that has been announced by DuPont at a price of DKK 665 per share. If DSM sells its shares for DKK 665, it will have a non-recurring book profit of approximately €129 million before tax.
DSM is not considering a competitive bid.