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May 29, 2002

NETHERLANDS/SWITZERLAND: Roche sells vitamin division to DSM – reports

Swiss pharmaceuticals group Roche will sell its vitamins division to Dutch chemicals group DSM, reported the Badische Zeitung today [Wednesday]. The paper says Roche has decided to sell off the vitamins unit because it is less profitable that its other operating units. The vitamin division is worth around SFr3.5bn (US2.2bn$), accounting for approximately 10% of Roche’s overall turnover of SFr29bn, reported Dow Jones.

Swiss pharmaceuticals group Roche will sell its vitamins division to Dutch chemicals group DSM, reported the Badische Zeitung today [Wednesday].

The paper says Roche has decided to sell off the vitamins unit because it is less profitable that its other operating units. The vitamin division is worth around SFr3.5bn (US2.2bn$), accounting for approximately 10% of Roche’s overall turnover of SFr29bn, reported Dow Jones.

A Roche spokesman declined to comment.

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