DSM acquire 19 pc interest in Andre Pectin

DSM to acquire 19 pc interest in Andre Pectin

6:57 AM, 7th May 2013
DSM to acquire 19 pc interest in Andre Pectin

HEERLEN, THE NETHERLAND/ YANTAI, CHINA: Royal DSM, the global Life Sciences and Materials Sciences company, has signed agreements to acquire a 19 per cent equity interest in Yantai Andre Pectin Co Ltd (Andre Pectin), a China based producer of texturing ingredients. In addition, the parties have agreed that DSM has option rights to increase its stake in Andre Pectin to a majority stake at a later stage. The agreements are subject to customary approvals and certain closing conditions, including the approval of the selling party’s shareholders. Closing is expected in third quarter of 2013.

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