DSM to Book EUR129 Million Profit if Danisco Sale to Dupont Proceeds

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.

1/12/2011 --- Royal DSM N.V. 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 DKK 665 per share. If DSM sells its shares for DKK 665, it will have a non-recurring book profit of approximately €129 million before tax, the Dutch chemical giant noted.

DSM stated that it is not considering a competitive bid for Danisco.