Germany's Merck sells surface solutions unit to China's GNMI for $721 mln-May 2024-www.financetom.com

Germany's Merck sells surface solutions unit to China's GNMI for $721 mln

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Germany's Merck sells surface solutions unit to China's GNMI for $721 mln

Jul 25, 2024 5:37 AM

GDANSK, July 25 (Reuters) - Germany's Merck

agreed to sell its surface solutions unit to China's Global New

Material International (GNMI) for 665 million euros

($721.46 million), the German diversified group said on

Thursday.

The deal, which is due to close in 2025, guarantees job

security for employees in Germany as well as maintains the plant

in Gernsheim until 2032.

($1 = 0.9217 euros)

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