Heerlen, The Netherlands-Royal DSM N.V. and Maire Tecnimont S.p.A. have finalized the sale of DSM’s urea-licensing subsidiary Stamicarbon B.V. to Maire Tecnimont for a total consideration of E38 million (US$55.8 million) on a cash and debt-free basis (GM Aug. 3, 2009). DSM will report a book profit of about E30 million (US$44 million) after tax on the sale as an exceptional item in the income statement in Q4 2009. Stamicarbon employs about 50 people in urea licensing, almost all of whom are engineers and technical staff. Stamicarbon licenses patented technology and proprietary know-how to existing and prospective urea producers.
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