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Danisco Deutschland GmbH Busch-Johannsen-Str. 1 25899 Niebüll, Germany http://www.du-fuer-danisco.de/
Contact Ms Natalie E. Weber +45 32 66 29 27
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Danisco Deutschland GmbH

Divestment of Direvo Biotech AG to Bayer HealthCare

(PresseBox) (Frankfurt/Main, )
Direvo Biotech AG today announced the sale of its biopharmaceuticals business to Bayer HealthCare for EUR 210 million in an all cash deal.

Danisco Venture, Danisco's corporate venture fund, sells its 10.6% stake in Direvo Biotech AG to Bayer HealthCare. The transaction contributes around DKK 100 million after tax to Danisco's result and increases our 2008/09 profit expectations for the Group before share-based payments from around DKK 900 million to around DKK 1.0 billion.

A full update of Danisco's expectations for 2008/09 will be included in our Q1 earnings release on 18 September 2008.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.