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Dow Merger with DuPont Gets Conditional Approval in Brazil

Brazil approved the planned merger of Dow Chemical Co (DOW.N) and DuPont (DD.N) on Wednesday, conditioned on a global divestment plan including its Brazilian corn seed business.

The board of antitrust agency Cade unanimously approved the recommendation from technical staff that proposed asset sales would be enough to address competitive concerns about the $130 billion merger between the U.S. chemical giants.

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