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Royal DSM reached an agreement to sell its Engineering Materials business to Advent International and LANXESS for an enterprise value of €3.85 billion. The business will be combined with LANXESS's High Performance Materials business in a joint venture co-owned by Advent (60%) and LANXESS (40%).
“DSM Engineering Materials will become part of a newly created joint venture, together with LANXESS’s High Performance Materials business, which will be co-owned by Advent International (60%) and LANXESS (40%).”our-company.dsm-firmenich.com
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