The planned merger of Dow Chemical and DuPont received a recommendation for a conditional approval by CADE, Brazil’s antitrust regulator, after a finding that proposed asset sales would be enough to address competitive concerns, the regulator said in an emailed statement on Friday.
Following the review by the office of CADE’s superintendent, the regulator’s board will vote on the $130 billion merger between the US chemical giants, which clinched approval from the European Union in March after they agreed to sell substantial assets.
On Tuesday, China conditionally approved the deal, though the companies are still waiting regulatory approval in the United States, Australia and Canada.
Full Content: Reuters
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