On May 9th, DSM China announced that DSM-Firmenich has completed its merger. On May 31, 2022, Dutch chemical manufacturer DSM and Swiss flavor and fragrance supplier Firmenich announced a merger agreement to establish a new partnership in areas such as nutrition, beauty, and health. According to the official website, DSM-Firmenich will include businesses in perfumes, food and beverages, nutrients, and animal nutrition. At the beginning of DSM-Firmenich’s establishment, DSM shareholders will hold 65.5% of the new company’s shares, Firmenich shareholders will hold 34.5% of the shares, and DSM will provide 3.5 billion euros (RMB 25 billion yuan, USD $3.6 billion) in cash. (Source: sohu.com)
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