May 17, 2017 / 3:18 PM / 2 months ago

Dow merger with DuPont gets conditional approval in Brazil

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FIL PHOTO: A sign is seen at an entrance to a Dow Chemical Co plant in Plaquemine, Louisiana December 12, 2015.Jonathan Bachman

BRASILIA (Reuters) - Brazil approved the planned merger of Dow Chemical Co (DOW.N) and DuPont (DD.N) on Wednesday, conditioned on a global divestment plan including its Brazilian corn seed business.

The board of antitrust agency Cade unanimously approved the recommendation from technical staff that proposed asset sales would be enough to address competitive concerns about the $130 billion merger between the U.S. chemical giants.

Reporting by Leonardo Goy; Writing by Brad Haynes

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