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DSM, Firmenich merger cleared by European Commission

The proposed merger of Royal DSM and Firmenich has obtained unconditional competition clearance from the European Commission.

This follows the clearance of China's State Administration for Market Regulation (SAMR) received on 16 February.

Consequently, competition clearance has been obtained in nine out of the ten jurisdictions required to satisfy the offer conditions. The last competition clearance that is pending is from the Competition Commission of India (CCI).

To accommodate the CCI's decision, the acceptance period has been extended until no later than end of 11 April.

The merger of Royal DSM with Swiss fragrance company Firmenich will create DSM-Firmenich and wlll bring together Firmenich's perfumery and taste businesses with DSM's health and nutrition portfolio.

DSM shareholders will own 65.5% of the merged company following the deal while Firmenich shareholders will hold the remaining 34.5%.

The deal implies an enlarged market capitalization of €25.3 billion based on a share price of €145.65.

Completion of the deal and listing on Euronext Amsterdam is slated for the first half of 2023.

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Upcoming Events

in-cosmetics Global 2023 - Barcelona

Fira Barcelona Gran Via
28 - 30 March 2023

NYSCC Suppliers' Day 2023

Javits Center, New York
2 - 3 May 2023

CITE Japan 2023

Pacifico Yokohama, Japan
17 - 19 May 2023

in-cosmetics Korea 2023

Hall C, Coex, Seoul, South Korea
12 - 14 July 2023

Making Cosmetics 2023

Allianz MiCo Hall 4 Gate 5 Viale L. Scarampo. Milan. Italy
22 - 23 November 2023

Access the latest issue of Personal Care Magazine on your mobile device together with an archive of back issues.

Download the FREE Personal Care Magazine app from your device's App store

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