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Dow merger with DuPont gets conditional approval in Brazil
May 17, 2017 / 3:18 PM / 7 months ago

Dow merger with DuPont gets conditional approval in Brazil

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.

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

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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