Heerlen, NL, 13 July 2021 10:35 CEST
Royal DSM, a global science-based company in Nutrition, Health and Sustainable Living, informs its stakeholders that CVC Capital Partners today announced the proposed sale of AOC, in which DSM is a minority shareholder, to an affiliate of Lone Star Funds.
DSM owns a minority position in AOC through the contribution of its composite resins business in 2015. It is estimated that DSM will receive about €300 million in cash for its entire shareholding following the closing of the transaction. Closure is subject to the customary conditions and approvals.
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