Royal DSM the sale agreement for its urea-licensing subsidiary Stamicarbon to Maire Tecnimont for a total consideration of €38 million on a cash and debt-free basis. The intended sale is expected to close by Q4 2009.
DSM also announced that it has reached an agreement with TAQA Abu Dhabi National Energy Company PJSC for the sale of DSM Energie Holding (DSM Energy) for an enterprise value of €285 million. The sale is expected to close in Q3 2009, subject to regulatory approvals and notifications.