October 01, 2009 02:23 ET

DSM finalizes sale of DSM Energy to TAQA

HEERLEN, NETHERLANDS--(Marketwire - October 1, 2009) -

Royal DSM N.V., the global Life Sciences and Materials Sciences company headquartered in the Netherlands, announces today that it has finalized the sale of DSM Energie Holding B.V. (DSM Energy) to TAQA Abu Dhabi National Energy Company PJSC on 30 September 2009.

The disposal consists of the participations which DSM has in oil and gas exploration and pipelines, including the 40% participation in Noordgastransport.

DSM will report a book profit of EUR 270-275 million after tax on the sale as an exceptional item in the income statement in Q3 2009.

DSM - the Life Sciences and Materials Sciences Company

Royal DSM N.V. creates innovative products and services in Life Sciences and Materials Sciences that contribute to the quality of life. DSM's products and services are used globally in a wide range of markets and applications, supporting a healthier, more sustainable and more enjoyable way of life. End markets include human and animal nutrition and health, personal care, pharmaceuticals, automotive, coatings and paint, electrical and electronics, life protection and housing. DSM has annual net sales of EUR 9.3 billion and employs some 23,500 people worldwide. The company is headquartered in the Netherlands, with locations on five continents. DSM is listed on Euronext Amsterdam. More information

For more information:

DSM Corporate Communications          DSM Investor Relations
Herman Betten                         Hans Vossen
tel. +31 (0) 45                       tel. +31 (0) 45 5782864
5782017                               fax +31 (0) 45 5782595
fax +31 (0) 45                        e-mail

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Press release-pdf:

Copyright © Hugin AS 2009. All rights reserved.

Contact Information