29 July 2009 21:41 [Source: ICIS news]
DSM Energie will be sold to TAQA Abu Dhabi National Energy for €285m ($401m). DSM expects the sale to close in the third quarter.
Stamicarbon will be sold for €38m to Maire Tecnimont, an engineering and construction group in Italy. DSM expects the deal to close by the fourth quarter.
“I am convinced that urea licensing has a much better strategic fit with Maire Tecnimont, a leader in project management and contracting,” said Nico Gerardu, member of DSM’s managing board.
($1 = €0. 71)
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