October 06, 2009 12:41 ET

DSM finalizes sale of urea-licensing business to Maire Tecnimont

HEERLEN, NETHERLANDS--(Marketwire - October 6, 2009) -

Royal DSM N.V., the global Life Sciences and Materials Sciences company headquartered in the Netherlands, and Maire Tecnimont S.p.A., a leading international engineering and construction group headquartered in Italy, announce that they have finalized today the sale of DSM's urea-licensing subsidiary Stamicarbon B.V. to Maire Tecnimont for a total consideration of EUR 38 million on a cash and debt-free basis.

An agreement for the sale was announced on 29 July 2009. DSM will report a book profit of about EUR 30 million after tax on the sale as an exceptional item in the income statement in Q4 2009.

With the closing of the acquisition, Maire Tecnimont will fully consolidate Stamicarbon B.V. from today (6 October) onwards. Intesa Sanpaolo provided the financing to Maire Tecnimont to undertake the operation.

Stamicarbon employs about 50 people in urea licensing, almost all of which are engineers and technical staff. Stamicarbon licenses patented technology and proprietary know-how to existing and prospective urea producers.

Maire Tecnimont

Maire Tecnimont S.p.A. is the parent company of an international industrial group which provides a comprehensive, integrated system of services and installations in four sectors: Chemicals and Petrochemicals, Oil & Gas, Power, Civil Engineering and Infrastructure. The Group has established itself thanks to advanced skills in Project Management and Main Contracting, by implementing complex turnkey projects all over the world, combining high quality and planning standards with a focus on multicultural and environmental issues. The Group, listed on the Milan Stock Exchange, with a presence in 24 countries and 4 continents, currently controls 37 operating companies and can rely on a workforce of 4,300 employees, more than half of whom are outside Italy. At 31 December 2008, the Group reported revenues of EUR 2,463 million and net income of EUR 117 million. For more information:


Stamicarbon B.V. is the global market leader in developing and licensing urea technologies and services, delivering optimum environmental performance, safety, reliability and productivity at the lowest investment level. Stamicarbon's services include a unique Full Life Cycle Support service to assist customers throughout the life cycle of a urea plant. Working in close cooperation with licensees, contractors, suppliers and research institutes, the company is constantly developing new processes and upgrading existing technologies.

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

Maire Tecnimont S.p.A.
Communication Office             Investor Relations
Carlo Nicolais                   Lawrence Y. Kay
Tel +39 06 412235.728            Tel +39 06 412235.536
Fax +39 06 412235.642            Fax +39 06 412235.644

Image Building
Simona Raffaelli, Nicole
Alfredo Mele
Tel +39 02 89011300

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


Copyright © Hugin AS 2009. All rights reserved.

Contact Information