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EU Probes Dow-Dupont Merger

EU Probes  Dow-Dupont MergerEU Probes  Dow-Dupont Merger

A planned mega-merger between two of the oldest companies in the United States is facing scrutiny in the European Union, where regulators are probing whether the tie-up would disadvantage farmers, DW reported. The EU’s top antitrust authority said on Thursday that her office would take a closer look at a proposed merger between Dow Chemicals and DuPont, two major American producers of agrichemicals. Competition Commissioner Margrethe Vestager said in a statement that Dow and DuPont had already submitted merger remedies—proposals for mitigating any possible harm to competition—but that these had been insufficient and so it decided to launch its investigation. The probe will last 90 days until Dec. 20. Dow and DuPont announced last December that they intended to merge and create the world’s biggest chemical and materials group, valued at $130 billion. But there are worries that such a large fusion could corner the market in areas like herbicide, insecticides, seeds and certain petrochemicals.

 

Financialtribune.com