Posted in | News | Business | Mining

DSM Sells Iodine Business

Jan 25 2006

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Royal DSM N.V., the Dutch chemicals group, and Sociedad Química y Minera de Chile S.A. (SQM), have signed and closed the sale of the DSM business unit Minera to SQM. DSM Minera is a business unit of the DSM Fine Chemicals business group and includes the iodine and iodine derivatives facilities in the first region of Chile, the mining reserves in the first and second region of Chile and DSM’s iodine and iodine derivatives commercial operations in Europe.

SQM will pay DSM a transaction price of USD 72 million cash and debt free. In addition, the operating working capital will be paid for. The transaction comprises the entire business unit, and includes the acquisition of shares in the two legal entities DSM Minera S.C.M. in Chile and DSM Minera B.V. in the Netherlands.

http://www.dsm.com

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