October 6, 2009
Royal DSM N.V., the global Life Sciences and Materials
Sciences company headquartered in the Netherlands, and Maire
Tecnimont S.p.A., a leading international engineering and
construction group headquartered in Italy, announce that they
have finalized today the sale of DSM's urea-licensing subsidiary
Stamicarbon B.V. to Maire Tecnimont.
An agreement for the sale was announced on 29 July 2009. With the
closing of the acquisition, Maire Tecnimont will fully
consolidate Stamicarbon B.V. from today (6 October) onwards.
Intesa Sanpaolo provided the financing to Maire Tecnimont to
undertake the operation.
Stamicarbon employs about 50 top people in urea licensing, almost
all of which are engineers and technical staff. Stamicarbon
licenses patented technology and proprietary know-how to existing
and prospective urea producers. Stamicarbon is the world market
leader in urea licensing with more than 50% market share. We will
continue investing in innovation, in our relationship with our
partners and customers and in our commitment to the urea
licensing business.
Stamicarbon will be a separate company within the Maire Tecnimont
Group continuing the licensing of our technologies directly and
in cooperation with all of our licensed contractors.
Maire Tecnimont was advised on the transaction by the following
firms: Banca IMI, Studio Legale Santucci, Bonelli Erede
Pappalardo and KPMG Transaction Services.
Maire Tecnimont
Maire Tecnimont S.p.A. is the parent company of an international
industrial group which provides a comprehensive, integrated
system of services and installations in four sectors: Chemicals
and Petrochemicals, Oil & Gas, Power, Civil Engineering and
Infrastructure. The Group has established itself thanks to
advanced skills in Project Management and Main Contracting, by
implementing complex turnkey projects all over the world,
combining high quality and planning standards with a focus on
multicultural and environmental issues. The Group, listed on the
Milan Stock Exchange, with a presence in 24 countries and 4
continents, currently controls 37 operating companies and can
rely on a workforce of 4,300 employees, more than half of whom
are outside Italy. At 31 December 2008, the Group reported
revenues of EUR 2,463 million and net income of EUR 117 million.
For more information: www.mairetecnimont.it.
Stamicarbon
Stamicarbon B.V. is the global market leader in developing and
licensing urea technologies and services, delivering optimum
environmental performance, safety, reliability and productivity
at the lowest investment level. Stamicarbon's services include a
unique Full Life Cycle Support service to assist customers
throughout the life cycle of a urea plant. Working in close
cooperation with licensees, contractors, suppliers and research
institutes, the company is constantly developing new processes
and upgrading existing technologies. www.stamicarbon.com.
DSM - the Life Sciences and Materials Sciences
Company
Royal DSM N.V. creates innovative products and services in Life
Sciences and Materials Sciences that contribute to the quality of
life. DSM's products and services are used globally in a wide
range of markets and applications, supporting a healthier, more
sustainable and more enjoyable way of life. End markets include
human and animal nutrition and health, personal care,
pharmaceuticals, automotive, coatings and paint, electrical and
electronics, life protection and housing. DSM has annual net
sales of EUR 9.3 billion and employs some 23,500 people
worldwide. The company is headquartered in the Netherlands, with
locations on five continents. DSM is listed on Euronext
Amsterdam. More information: www.dsm.com
For more information:
DSM Corporate Communications
Herman Betten
Tel. +31 (0) 45 578 2017
Fax +31 (0) 45 574 0680
E-mail media.relations@dsm.com
DSM Investor Relations
Hans Vossen
Tel. +31 (0) 45 578 2864
Fax +31 (0) 45 578 2595
E-mail investor.relations@dsm.com
Communication Office
Carlo Nicolais
Tel. +39 06 412 235 728
Fax + 39 06 412 235 642
E-mail comunicazione@mairetecnimont.it
Investor Relations
Lawrence Y. Kay
Tel. +39 06 412 235 536
Fax + 39 06 412 235 644
E-mail investor-relations@mairetecnimont.it
Image Building
Simona Rffaellli, Alfredo Mele
Claudia Arrighini
Tel. +39 02 890 11300
E-mail mairetecnimont@imagebuilding.it