EU: Dow-Dupont merger clears key hurdle

Dow Chemical and DuPont’s merger has crossed another hurdle on Thursday after receiving conditional EU approval for a divestment required by the US and EU competition regulators.

To secure approval for the mega-merger, DuPont agreed to sell a portion of its crop protection unit to FMC and in return acquire the vast majority of FMC’s health and nutrition business.

The asset swap’s EU approval is conditional on FMC selling off two of its herbicides, sulfonylurea and florasulam.

Full Content: Saint Louis Post-Dispatch

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