Brazil’s Administrative Council for Economic Defense has granted DuPont and The Dow Chemical Company conditional approval for their proposed merger.
The conditions include divestment from a select portion of Dow AgroSciences’ corn seed business in Brazil, which covers a number of seed processing plants and research centers within the country.
This condition is similar to what other foreign powers, including the European Commission, have required for approval.
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In line with these conditions, the companies plan to divest from much of DuPont’s global crop protection portfolio and R&D pipeline and organization, as well as Dow’s global Ethylene Acrylic Acid copolymers and ionomers business.
