Short-term liabilities
In 2024 DSM-Firmenich AG acquired via a buy-out in accordance with section 2:359c of the Dutch Civil Code (DCC) the remaining 3.9% of DSM B.V.’s ordinary shares (6,696,477). The price agrees to the closing price of dsm-firmenich’s share on 3 May 2023: €116.00. In 2023, a liability toward the non-tendered shareholders was recognized in the amount of €649 million (CHF 601 million) including €24 million (CHF 22 million) of accrued interest.
In 2024, DSM-Firmenich AG concluded an equity forward contract to purchase one million own shares. The Company will take delivery of the shares against payment of the forward price of €109 million on 24 April 2025. This liability is recognized in Short-term liabilities.
Other short-term payables to third parties
On 31 December 2023: €1 million (CHF 1 million) payable to pension funds is included in Other short-term payables to third parties. On 31 December 2024: the amount payable to pension funds is €0.1 million (CHF 0.1 million).
Short-term payables to other Group companies
Other short-term payables to other Group companies mainly comprise in-house cash pool balances.
On 31 December 2023, the balance included the charges by DSM Services B.V. to DSM-Firmenich AG for its share in the merger transaction costs of €49 million / CHF 45 million and in the costs of the Investor Relations department.