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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

Cosmet’Agora

Espace Champerret – Paris
16th - 17th January 2024

PCHi

Shanghai World Expo Exhibition And Convention Center(SWEECC)
20th-22nd March 2024

in-cosmetics Global

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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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