Covestro to acquire DSM's Resins & Functional Materials for €1.6 billion

Royal DSM has agreed to sell its Resins & Functional Materials businesses to Covestro AG for an equity value of €1.6 billion. The transaction is expected to close in H1 2021.

“DSM to sell its Resins & Functional Materials and associated businesses to Covestro AG for an Equity Value of €1.6 billion.”our-company.dsm-firmenich.com

• 15 sources
• our-company.dsm-firmenich.comDSM announces sale of Resins & Functional Materials businesses | DSMSep 30, 2020
• covestro.comAcquisition of DSM sustainable coating resins business | CovSep 30, 2020
• covestro.comCovestro to acquire leading sustainable coating resins business from DSMSep 30, 2020
• wsj.comCovestro to Buy DSM’s Resins Business - WSJJoshua KirbySep 30, 2020
• financialpost.comCovestro buys DSM's resins unit for 1.6 bln euros - Financial PostSep 30, 2020

Summarized from public sources; check the original articles before acting on it.