Nip Impressions logo
Thu, Nov 23, 2017 13:42
Visitor
Home
Click here for Pulp & Paper Radio International
Subscription Central
Must reads for pulp and paper industry professionals
Search
My Profile
Login
Logout
Management Side
Technical Side
Brazilian regulators give Dow-DuPont merger the thumbs up

SAO PAULO, Brazil (From news reports) -- The planned merger of Dow Chemical Co and DuPont received a recommendation for a conditional approval by Cade, Brazil's antitrust regulator, after a finding that proposed asset sales would be enough to address competitive concerns, the regulator said in an emailed statement.

Following the review by the office of Cade's superintendent, the regulator's board will vote on the $130 billion merger between the U.S. chemical giants, which clinched approval from the European Union in March after they agreed to sell substantial assets.

On Tuesday, China conditionally approved the deal, which is also pending regulatory approval in the United States, Australia and Canada.

In addition to DuPont selling part of its global insecticide and herbicide business and Dow selling its acid co-polymer and ionomers business, the superintendent's office at Cade said Dow had offered to sell much of its corn seed business in Brazil.


Printer-friendly format

 





Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: