January 13, 2011
DSM discloses shareholding in Danisco
Press Release
Royal DSM N.V., the global Life Sciences and Materials Sciences company headquartered in the Netherlands, has announced that it holds a 4.95% stake in Danisco which has been acquired some years ago.
DSM currently owns 2.36 million shares of Danisco, which are traded at the Copenhagen Stock Exchange. It has been building its shareholding in 2007 and beginning 2008.
DSM has taken notice of the recommended bid that has been announced by DuPont at a price of DKK665 (US$117) per share. If DSM sells its shares for DKK665, it will have a non-recurring book profit of approximately EUR129 million (US$168.5 million) before tax.
DSM is not considering a competitive bid.
