CADE approves merger of Dow and DuPont, conditional on the sale of fixed assets

The Administrative Council for economic Defense (Cade) on Wednesday approved unanimously the world operation merger between Dow Chemical and DuPont, conditioned on compliance according to the parts which provides a series of divestments from around the world, which were negotiated with antitrust agencies from other countries and in Brazil.
Among these commitments is the disinvestment of assets related to Dow''s corn seed in Brazil, as the transfer of quotas in genebank, research centers, among others.
Divestments
Earlier this month, the Cade presented opinion for approval of business, since companies would tear of assets to avoid market concentration.
Dow and DuPont then proposed a deal in which undertake to divest in Brazil and in the world.
In agrochemicals, the companies are willing to sell globally relevant part of DuPont''s activities in insecticides and herbicides. The agreement also includes relevant assets in the company''s research and development in the world.
In the segment of corn seed, the companies proposed to divest part of Dow''s activity in Brazil, where the concentration of activities between the two companies is especially significant. The package includes genebank, production units, research centers, brand, products in development (pipeline), among others.
They also undertake to divest the business overall acid copolymers and ionomers owned by Dow.