Dow-DuPont merger receives EU approval
The European Union has approved the proposed merger between Dow Chemical and DuPont.
The approval is conditional upon Dow and DuPont divesting certain assets. DuPont will reportedly divest a large share of its existing pesticide business, including herbicides for cereals, oilseed rape, sunflower, rice and pasture as well as insecticides used for fruit and vegetables. Dow has agreed to sell plants in Spain and the U.S. that make acid co-polymers.
Now that the Dow-DuPont merger has cleared its first major hurdle, other countries are expected to follow suit. The merger is also being scrutinized by the U.S., Canada and Brazil.
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