DSM chairman hunts for acquisitions

Article Abstract:

DSM NV's chairman Peter Elverding announced that his company is ready to invest between 500 million guilders and two billion guilders (268 million euros and 1.1 billion euros) on acquisitions. Mr. Elverding also said that the chemicals company would be willing to spend even more for the right acquisition. At the same time, Mr. Elverding said the company is cautious about acquiring other firms due to the high market valuations of other companies.

Capital expenditures

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DSM to shift its main business to specialties

Article Abstract:

DSM N.V., a Dutch chemicals group, announced a five-year plan to transform its main business from bulk chemicals to high-value life science products and performance materials. The action is an attempt to become a worldwide force in speciality biochemical, chemical, and performance materials.

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DSM acknowledges approaching Aventis about Rhodia stake

Article Abstract:

DSM N.V. confirmed that it has held preliminary talks with Aventis about acquiring the latter's minority share in Rhodia S.A. Aventis owns 25% of Rhodia.

France, Scientific Research and Development Services, Research & Development NEC, High technology industry, Research institutes, Aventis S.A., AVE, Rhodia S.A.

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