S&R Associates Represented Firmenich International SA in Obtaining Approval from CCI for Merger Between Koninklijke DSM and Firmenich

S&R Associates Represented Firmenich International SA in Obtaining Approval from CCI for Merger Between Koninklijke DSM and Firmenich

S&R Associates represented Firmenich International SA (“Firmenich”), the world’s largest privately-owned fragrance and taste company, Koninklijke DSM N.V. (“DSM”), a Dutch-Swiss company and health, nutrition & bioscience global leader, and Danube AG, a wholly-owned subsidiary of DSM, in obtaining Indian competition law approval for the merger between DSM and Firmenich to form DSM-Firmenich AG, a Swiss domiciled company whose shares are proposed to be listed on Euronext Amsterdam.

The Competition Commission of India (CCI) approved the merger between Koninklijke DSM N.V. (DSM) and Firmenich International SA (Firmenich) under Section 31(1) of the Competition Act, 2002.

The Proposed Combination involved the merger between DSM and Firmenich to form DSM-Firmenich, a Swiss domiciled company whose shares are proposed to be listed on Euronext Amsterdam.

Firmenich is a privately owned company, headquartered in Geneva, Switzerland. It is engaged in the production and supply of fragrances, flavours, aroma chemicals, rosin resin and turpentine.

The S&R team was led by Head of Competition Law Practice Simran Dhir and Counsel Akshat Kulshrestha, and included Associates Anuja Agarwal, Sushmita Sur, Samali Verma and Sakshi Jain on competition law matters; and Partners Rajat Sethi and Dhruv Nath on corporate matters.