DSM Informs Market on Patheon N.V.

HEERLEN, Netherlands, August 29, 2017 /PRNewswire/ --

Royal DSM, a global science-based company active in health, nutrition and materials, informs its stakeholders that Thermo Fisher Scientific Inc. has completed the acquisition of Patheon N.V. , a company in which DSM held approximately 48.7 million ordinary shares.

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Thermo Fisher has acquired all the shares of Patheon held by DSM for $35.00 per ordinary share in cash, resulting in a transaction payment to DSM of approximately $1.7 billion in cash. DSM has hedged the currency exposure of the transaction proceeds, thereby locking in cash proceeds of around EUR1.5 billion. The book value of DSM's stake in Patheon is approximately EUR0.3 billion. The transaction will result in a net book profit of around EUR1.2bn in Q3 2017.

Together with the approximately EUR0.5 billion in cash that DSM already received in recent years, including the proceeds from the Initial Public Offering of Patheon, the total cash proceeds from the divestment of DSM's custom manufacturing activities in Pharma in 2014 amount to approximately EUR2.0 billion.

DSM - Bright Science. Brighter Living.(TM) 

Royal DSM is a global science-based company active in health, nutrition and materials. By connecting its unique competences in life sciences and materials sciences DSM is driving economic prosperity, environmental progress and social advances to create sustainable value for all stakeholders simultaneously. DSM delivers innovative solutions that nourish, protect and improve performance in global markets such as food and dietary supplements, personal care, feed, medical devices, automotive, paints, electrical and electronics, life protection, alternative energy and bio-based materials. DSM and its associated companies deliver annual net sales of about EUR10 billion with approximately 25,000 employees. The company is listed on Euronext Amsterdam. More information can be found at http://www.dsm.com.

For more information:
DSM Corporate Communications
Herman Betten
tel. +31-(0)-45-5782017
e-mail media.contacts@dsm.com

DSM Investor Relations
Dave Huizing
tel. +31-(0)-45-5782864
e-mail investor.relations@dsm.com


Forward-looking statements

This press release may contain forward-looking statements with respect to DSM's future (financial) performance and position. Such statements are based on current expectations, estimates and projections of DSM and information currently available to the company. DSM cautions readers that such statements involve certain risks and uncertainties that are difficult to predict and therefore it should be understood that many factors can cause actual performance and position to differ materially from these statements. DSM has no obligation to update the statements contained in this press release, unless required by law. The English language version of the press release is leading. PDF - http://mma.prnewswire.com/media/549892/DSM_informs_market_on_Patheon.pdf 


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