Home / Content / B2B Connect / Chemicals / Dow Chemical-DuPont merger to have adverse effect on competition: CCI

Dow Chemical-DuPont merger to have adverse effect on competition: CCI

The Competition Commission has initiated scrutiny of the deal by inviting comments from the public

Premium

Last Updated : Mar 23 2017 | 12:56 PM IST

The Competition Commission of India (CCI) believes that the global merger deal between Dow Chemical and DuPont may impact competition in the country. “CCI is prima facie of the opinion that the proposed combination between Dow and DuPont is likely to have an appreciable adverse effect on competition,” said the Ministry of Corporate Affairs in a press release.

In December 2015, Dow and DuPont entered into a merger agreement to create highly-focused leading businesses in agriculture, material science and specialty products. As per the agreement, these 3 businesses subsequently will be spun off into three independent, publicly traded companies.

Following their

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in